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Message:: [QUOTE="rodeoclown, post: 1448888, member: 34005"]I think the credit industry is keeping poor people poor. When people are given credit lines (money they don't yet have) and then they use such credit, they tend to spend more than they make, then it's just a catch up game to pay off but yet some get stuck continuing to use whatever credit they have to pay bills, buy stuff, etc. I won't dive into the mortgage industry and crisis but I'll say one thing, I blame the banks and the people buying. If a bank tells you they'll give you 400k for a house (because you have good credit) but yet you make 50k a year, you should buy that house that costs 150k or less, you can't afford a 400k house and common sense should tell one that, but there lies one problem, most people lack common sense, they're eyes are bigger than their wallets. The promise of "buy it now, pay later" is keeping poor people poor while the banks profit from people staying in debt. People who don't make that much money should be taught to "save up" instead of buying something they can't afford with their current income.[/QUOTE]