The Cultural Landscape of Credit

This chapter examines the intertwining of personal credit card experiences with broader policy discussions, including a proposed acquisition of Discover and the Credit Card Competition Act. It narrates a journey through the pitfalls of credit card use, shaped by cultural and historical influences, while reflecting on the evolution of consumer credit regulations since the New Deal. The exploration highlights the role of welfare programs in creating a shift in credit worthiness perceptions, emphasizing the complex relationship between personal finance, social dynamics, and legislative frameworks.