A Look at US Consumer Credit Card Debt
In an article titled "The Check Is In The Mail - There's No Credit Crisis. Most Americans Don't Let Their Consumer Debt Get Out Of Hand", Newsweek's Jane Bryant Quinn writes that "although the overall burden of debt isn't as bad as the headlines make it sound, a small but growing minority is indeed in crisis. The banks are their enablers. Credit cards are so profitable that banks have been dealing preapproved cards to practically anyone with a heartbeat and a mailbox."
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