Quote:
Originally Posted by spunkmaster
The fact is most people use their credit cards "MORE" during a recession and they
buy items like porn to feel good because they can buy something on their plastic.
Visa, Mastcard, First Data and TCYS all posted their sales recently and all of them
reported a 15% - 30% increase in sales and card useage. First Data and TCYS process
about 70% of all credit and debit cards worldwide and they both reported strong sales today !
|
Um how many people really were using credit cards during the last one?
Plus may I ask how the use of cards increasing now has anything at all to do with porn sales and a recession. That just looks like more debt, combined with crap like people actually finding ways to pay their rent or mortgage with their cards. Add to that other typical expenses and all that crap.
As a whole we all know that the wages sure in hell have not increased much if any. Housing shot through the roof than sucked people under. Gas prices have spiked beyond any wild dreams. Food prices are skyrocketing out of control. Then of course credit companies are jacking interest rates for the fuck of it if you are lucky and out right cancelling your policy if you keep everything paid off. Lets not also forget the banks themselves are nickle and diming their customers however they possibly can in hidden fee's. However ya sure everything is hunkydory.