EC250 : During a recession you want to spend more.docx

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21 Apr 2013
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If you save more then you do not spend more. It wont help your debt you already have. During a recession you want to spend more. Not spending more to accumulate more debt. Stores that offer pay nothing terms should not be allowed to do that. I worked at walmart for several years selling their mastercard and i saw first hand how debt is easily acquired by people who believe they are saving. This particular card has a points system built into it which attracts many people, but in the long run you actually pay for the discount you receive making it useless. The government should create stronger rules about credit card selling policies requiring stores to explain or even calculate an interest example that a customer could incur.

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