Consumer Debt
Date Submitted: 01/09/2003 13:58:33
Category: / Business & Economy / Economics
Length: 2 pages (492 words)
Category: / Business & Economy / Economics
Length: 2 pages (492 words)
The reasons we as Americans buy on credit varies, but without it most of us would
probably never be able to purchase necessities such as a home or automobile. The nation's
economy depends on credit, the promise to pay later for goods and services used today;
but along with consumer credit comes consumer debt. With the rise in telemarketing and
commercializing in America it is no wonder why Americans feel the impulse to buy now,
…
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
and access over 480,000 just like this GET BETTER GRADES
…because they need them and do not want to wait. Rather than
saving they go into debt, the most common of which is installment debt.
Bibliography
1. Miller, R. L., Economics: Today and Tomorrow, Hesterville, Ohio; Glencoe-McGraw
Hill, 1995
2. 'Major Growing Pains' U.S. News and World Report (Oct. 21, 1996) Pg. 62-64
3. 'What's the Rate? They Won't Say.' U.S. News and World Report (Aug. 19, 1996) pg.
61
4. Lee, Susan Susan Lee's ABZ's of Economics New York; Poseidon Press, 1987
Need a custom written paper? Let our professional writers save your time.