PlasticPole
16 Jan 2011
News / Die Welt-Poland and Germany are the economic driving force of Europe [239]
Yes, it can cause financial ruin, but when done within reason, it can help an economy expand.
Debt might be necessary in some instances. It might be vital for people to go into temporary credit card debt to support economic growth. If everybody decides to not go into any credit card debt at all, ever, it could be devastating for an ecomony.
The key is to make sure the employment situation is secure and the person getting the card will make enough money to pay the card off.
Obviously, but those consumers mustn't borrow money in order to consume the product. To do so is the sign of a failed (failing?) economy.
Yes, it can cause financial ruin, but when done within reason, it can help an economy expand.
Debt might be necessary in some instances. It might be vital for people to go into temporary credit card debt to support economic growth. If everybody decides to not go into any credit card debt at all, ever, it could be devastating for an ecomony.
The key is to make sure the employment situation is secure and the person getting the card will make enough money to pay the card off.