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EC250 (18)

During a recession you want to spend more.docx

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Department
Economics
Course
EC250
Professor
Karen Huff
Semester
Winter

Description
- During a recession you want to spend more - If you save more then you do not spend more - It wont help your debt you already have - Not spending more to accumulate more debt - Create harder terms on credit cards - Stores that offer pay nothing terms should not be allowed to do that - http://www.walmartcanadafinancialservices.ca/howtoapply.htm - 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 r
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