[IYAS9YAS]

I pretty much agree with that, although the biggest waste in our society is credit card debt. I work with young professionals that have 20 - 30k in credit card debt - at 21% interest. They talk about this stuff like it is nothing, pretty much normal. I'm listening and nearly have a cow. I guess it is a generational thing.

I wonder if the new requirement on billing statements showing how long it will take you to pay it off, and the amount of interest you'll pay, if you only make the minimum payment has had any affect on them.

[I cannot think of a name]

“I wonder if the new requirement on billing statements”

Boy I hope so, but I am not very confident. If someone that works in an engineering office can’t multiply their balance times .21 and figure out how much they’ll be paying this year - yikes. It’s almost as if there is just no mental connection between the money paid and what it goes for. Just “a payment is a payment” kind of mentality.