Americans to rack up $47 billion more in credit card debt this year

Rise in credit card spending raising alarms

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  • Say No to BO Mapleton, UT
    June 12, 2013 7:38 a.m.

    Saving is no longer viable since inflation is higher than the rate of return.
    Since the Feds entered the bond market there isn't much yield there, either.
    Why save? Why wait? Put it on the card.
    This is a dangerous way to live, but it works for government and the future is in your house gaining value. We all know how well that worked out.
    Seriously, there is no financial security left. And no real reason to act responsibly.