CreditCardBubble.com is Wheatworks Newest Blog

 

The Credit Card Bubble Blog at http://www.creditcardbubble.com is a place to consider the impact of the credit card bubble on individuals and the economy. So jump in! Share your thoughts, ideas, tips and forecasts.

If you’ve watched the news lately, you’ve heard about the housing bubble. You’ve also heard about the credit bubble. One thing that hasn’t been mentioned too frequently yet is the credit card bubble.

If you heard about it in passing, the comments were similar to, “home owners are maxing their credit cards to pay for basic necessities like food and clothing.” Or maybe you’ve heard the astounding statistics about the number of credit cards the typical person has and the average credit card debt they carry on their cards.

While it has not received as much attention as the housing bubble or the credit crunch, you’ll hear more about the credit card bubble in the future. And it probably won’t be good news.

Leave a comment