The expression, "Keeping up with the Joneses" a very common quote that, Juliet Schor, used in her work, The New Politics of Consumption, could not fit a society more.
The average household debt excluding mortgage is estimated fifteen thousand dollars, eight thousand of that debt comes from credit cards. (Paul Bannister, bankrate.com) Credit cards are becoming a huge problem in our society that it is affecting more than just consumerism. It's affecting the way we live.
Everywhere public place you go it is hard not to run in to the idea of the credit card. You will see credit card logos on the front of every business. Every department store you go in has it's own version of a credit card from Target to Macy's. The Diner's Club Card that originally was only for businessmen to eat lunch at 27 different restaurants. Now it is accepted almost everywhere. And for everything else there's MastercardÂ…Â…(or Visa, Discover Card orAmerican Express.
Currently there are 1.2 billion active......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 549
Approximate Pages: 3 (260 words per double-spaced page) |