Yeah, you’re right about this. As with most things personal responsibility, or more precisely the lack thereof is the culprit. Mencken once made the point that it was an error to say that the most salient characteristic of the Americano was his “money grubbing.” He said it was his prodigality. The sad thing about these credit card addicts is how easy it is to fleece them. They are vulnerable to the most childish ads and will spend thousands for gimcracks, gewgaws, gizmos and gadgets. Check out the Dave Ramsey show. It is replete with examples of fools buying crap with credit cards and having nothing to show for it but shiny baubles that they can’t get rid of.
As opposed to whom?