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Consumer Debt
Title: Consumer Debt
Category: Business & Economy / Economics
Details: Words: 510 | Pages: 2.2 (approximately 235 words/page)
Consumer Debt
The reasons we as Americans buy on credit varies, but without it most of us would
probably never be able to purchase necessities such as a home or automobile. The nation's
economy depends on credit, the promise to pay later for goods and services used today;
but along with consumer credit comes consumer debt. With the rise in telemarketing and
commercializing in America it is no wonder why Americans feel the impulse to buy now,
…showed first 75 words of 510 total…
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…showed last 75 words of 510 total…and services because they need them and do not want to wait. Rather than
saving they go into debt, the most common of which is installment debt.
Bibliography
1. Miller, R. L., Economics: Today and Tomorrow, Hesterville, Ohio; Glencoe-McGraw
Hill, 1995
2. 'Major Growing Pains' U.S. News and World Report (Oct. 21, 1996) Pg. 62-64
3. 'What's the Rate? They Won't Say.' U.S. News and World Report (Aug. 19, 1996) pg.
61
4. Lee, Susan Susan Lee's ABZ's of Economics New York; Poseidon Press, 1987
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