Question: When using credit to make purchases, consumers are decreasing current buying power and increasing future buying power. increasing their present discretionary income to extend purchasing
When using credit to make purchases, consumers are
decreasing current buying power and increasing future buying power.
increasing their present discretionary income to extend purchasing power.
putting themselves at significant risk of financial disaster.
forgoing the accumulation of wealth to increase current income.
increasing current buying power at the expense of future buying power.
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