Credit Card Nation The Consequences Of America's Addiction To CreditCredit Card Nation is part history and part exposé of the damaging social and political consequences of America's increasing reliance on credit cards. Using original research and consumer interviews, Manning analyzes the growth of the credit card industry and its related businesses by looking at the story of its consumers—the people who use credit for convenience and those who rely on it for financial stability.In addition to providing a consumer history of credit card usage, Robert Manning analyzes the larger societal attitudes toward debt. The history of the credit card industry's expansion is one of the creation of a new class of consumers who utilize credit—and its steep interest and penalty rates—for economic survival. Manning discusses the societal toll that the "credit card nation" is placing on the young, the elderly, and all those in search of the "good life" marketed by the credit card and banking industries. |
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1998 Statistical Abstract AARP American Express annual bank credit cards bankruptcy billion Budget campaigns capital cash advances chap Citibank Citicorp Citigroup Congressional Budget Office consumer credit cards consumer debt consumption convenience users corporate cost credit card companies credit card debt credit card industry Credit Card Nation cultural decade decline earnings economic expenses Federal Reserve fees financial services global Government Printing Office groups growth high-interest income increase inflation interest rates investment Jeannie Jeff junk bonds labor lifestyle MasterCard ment mergers middle-class Mitch monthly mortgage nearly offer pawnshops payday loans payments percent APR personal bankruptcy policies profits programs purchases Rent-A-Center rent-to-own reported retail retirement revolving rising savings rate small business social strategy student loans sumer tion trend trillion U.S. Bureau U.S. Congress U.S. Department U.S. Government Printing United University Press usury Visa Washington Post workers York