|
|
The below is a sample preview of the full essay that is available in our database. To see
the full paper, just register for a free account. You get
access to thousands of example term papers in our super free essay database without paying
a cent.
|
Beginning of Paper
|
Credit Cards
An American Way of Life
Credit cards are quickly becoming a major problem for the American people. It is so easy to get into debt with a credit card, and anyone with a mailbox and a pulse can get one. Many Americans can't get out of debt and they run into credit problems; some even file for bankru ....
|
|
Middle of Paper
|
.... just paid the banks suggested minimum payment. The middle class is also going further into debt. Credit card debt rose 23.5% from January 1997 to March 1998. Sixty three percent of all U.S. households now owe money on their credit cards, and last year they spent $70 billion in interest charges and fees. Credit card debt now accounts for 43% of all consumer loans and is growing faster than all other types of household borrowing, including home mortgages or auto loans. The average household now owes an amount equal to 95% of their yearly income (Dollars and Sense) ....
|
|
|
SUBJECTS
