USA-- Credit Card Nation

USA-- Credit Card Nation


While compulsively shopping is not a mental disorder, the US has dozens of therapy groups and clinics for those willing to admit they are hooked on spending. Author Dr. Robert Manning says, "We have a decline in real income in America, we have had an expectation that credit isn't an earned privilege but rather it is an entitlement of American society.

US shopaholics -- In debt we trust

US shopaholics -- In debt we trust

Shopping is as American as apple pie or at least that is what credit card companies would have you believe. As Americans continue to go deeper in debt, why do people continue to shop with a credit card? Blogger and Filmmaker Danny Schechter says this society is organized around consumption not production, it's the thing to do and something people are encouraged to do and of course, the credit card companies make it easier because they lend you the money upfront.