Of course most here will be unaffected as they pay their credit cards off completely every month. But poor Joe Six Pack will have less to spent to keep the economy going.
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But poor Joe Six Pack will have less to spent to keep the economy going.
Joe Six Pack will have less to spent but the interest (money) paid to the bank did not leave the economy so it’s still doing god’s work to keep the economy going.
Referring back to a post by david fb, it just skews the wealth distribution. The Power Law Distribution at work.
The Captain
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Of course most here will be unaffected as they pay their credit cards off completely every month. But poor Joe Six Pack will have less to spent to keep the economy going.
Not only credit cards but some actually pay cash for homes and vehicles!!!
Anymouse
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… as they pay their credit cards off completely every month.
…
Not only credit cards but some actually pay cash for homes and vehicles!!!
Tru dat! 
Every penny you pay in interest on a debt is a penny you don’t have to save for (or invest in) your future.
A penny saved is better than a penny earned because the earned penny would be taxed.
- WendyBG