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Topic	So I was reading up on credit in the US and it's kinda blowing my mind
MacArrowny 01/11/23 1:46:39 PM #39:	masterplum posted... At some point is it causation or correlation. Poor people pay more interest, but at what point do we contribute some of this to financial decisions that caused them to be poor because they are paying more in interest? There are a lot of areas where we need to make sure poor people get equal opportunities. Im not sure credit cards is one of them People who start out rich don't make better decisions than people who start out poor because they're smarter. An example of the US actually doing this in the past is the GI bill after WW2, where vets got superior interest rates. It was highly successful. --- All the stars in the sky are waiting for you. <cite>MacArrowny posted [p:970776315] in So I was r... [t:80308260]...</cite> <quote>masterplum posted... </cite><quote>At some point is it causation or correlation. Poor people pay more interest, but at what point do we contribute some of this to financial decisions that caused them to be poor because they are paying more in interest?There are a lot of areas where we need to make sure poor people get equal opportunities. Im not sure credit cards is one of them</quote>People who start out rich don't make better decisions than people who start out poor because they're smarter.An example of the US actually doing this in the past is the GI bill after WW2, where vets got superior interest rates. It was highly successful. --- All the stars in the sky are waiting for you.</quote> ... Copied to Clipboard!
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