>>Sooner or later you can’t keep charging.<<
Yes, you can.
I have a niece who is filing for bankruptcy, makes no payments on her house and gets new credit card offers every day. She gets them and uses them. In the meantime, her phone rings off the hook with collectors. Her lawyer has told her that it’s what everyone does.
Why shouldn't they? There are no negative consequences for behaving that way. Since Obambi, there aren't even negative consequences for loaning money that the borrower will not repay, because Uncle Sucker will cover it.
At the bottom of the Totem Pole is the American taxpayer. Everything always comes back to us, since we must pay.
The statistics suggests Americans are saving more, paying down debt, and spending less. So, once again, where are all these shoppers coming from?