Why would people who make as much money as the McCains have any CC debt at all? Do they enjoy paying interest they don’t have to, for some reason? Or does money just mean that little to them, since they’re rolling in it?
Who says they pay any interest at all? Cindy makes over 6 million a year. If she spends 100k a month on her CC it would show that every month even if it was paid off each month. John has about 10-15k on his and he likely spends that each month on his CC. Its no big deal. Some people don't carry cash or write checks.
As I said, I thank them for paying interest on this amount. Obviously, it doesn’t put a dent in their assets and, for the rest of us, it is another way for the rich to contribute to the economy. It’s all good!
As for why people who can pay put charges on credit cards? Because it’s convenient and easy and creates an automatic record of their expenditures; they can also, for example, put a “staff member” on an account, who can then do certain shopping/tasks for them and pay it, but with accountability because there is a record of who/what/when/how much that comes to the major account holder.