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Essay

Is The Era Of Easy Credit Over For The Long Haul?

Essay specific features

 

Issue:

Social Issues

 

Written by:

Mayra A

 

Date added:

October 28, 2015

 

Level:

 

Grade:

C

 

No of pages / words:

8 / 2191

 

Was viewed:

5659 times

 

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Essay content:

"Rough times." For Clark, and for a nation of consumers heavily dependent on credit, there are growing signs that those rough times could prove to be more than just a temporary problem, that they could be the beginning of a stark, new reality. Is America's long era of easy credit over? Experts say that even when the current credit crunch eases, the nation may finally have maxed out its reliance on borrowed cash...
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Today's crisis is a warning sign, they say, that consumers could be facing long-term adjustments in the way they finance their everyday lives. "I think we're undergoing a fundamental shift from living on borrowed money to one where living within your means, saving and investing for the future, comes back into vogue," said Greg McBride, senior analyst at Bankrate...
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General issues of this essay:
Cash or Credit? College Student Loans Skyrocket Credit Derivatives Credit Home Depot Credit Rating Letter of Credit Loans Strategy: The U.K. credit card industry in the late 1980's Structured Credit - Rise and ..? Credit Card Equivocal Savings and Loans Credit Unions Is The Era Of Easy Credit Over For The Long Haul? Use of Credit Cards Use of Credit in the U.S.
 

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