Reply #8: The rampant use of credit cards is the problem!!

[CoffeeCat]

Because people are using major credit cards and store cards----stores have risen their prices,
because when people use credit cards for purchases, they are willing to spend more total dollars
and pay higher prices.

If you have to pay cash, it hurts more. Paying cash promotes more responsibility. Paying
with credit cards leads to foolish economic choices.

Credit cards have totally perverted prices and the afford-ability of goods and services.

I'll use the example of Pier One. Before credit-cards, that store had all kinds of
affordable items. Now, when you walk in--you are greeted by a huge sign which offers
a credit card.

With more people using store cards like this--consumers will unwittingly pay more for
things they don't need. They'll also buy bigger-ticket items.

So now, candles that were once $2-$3--are now $20 and $30. The store is brimming with
overpriced, junk furniture that falls apart within a couple of years. Yet, people will
spend $500 on a shelf or a coffee table, because credit cards cause foolish choices.

Average people, who want to buy a gift or a little something for their house--cannot afford
to do so anymore.

Pier One is just one example. So many big-box stores are like this--Home Depot, Bed, Bath & Beyond,
Crate & Barrel, Target, Pottery Barn, Department stores, etc.

In this country now--it is a splurge to purchase clothing for yourself--because the rampant use
of credit cards has driven up prices.

It's nuts!