I was reading the thread "why is our personal savings rate so low?"
And the consumerism that goes with that and then credit cards.
It reminded me of the history of credit cards and the 2% minimum
monthly payment, that keeps you in debt for years.
I think I originally saw a 60 Minutes piece, but haven't found it.
Here's a PBS story.
http://www.pbs.org/wgbh/frontline/film/showscredit/In the eyes of the Credit Card company, Are you a deadbeat or a revolver?
Mustachians are deadbeats!
