Financial Literacy tip: avoid credit cards entirely

Predatory advertising lures Americans into the snare. Credit Card Companies rake in up to 30% profit margins. VISA, MasterCard, and AMEX create a lucrative ecosystem around payment processing, ensuring that legislation will not leave those workers jobless. Our entire country is kept in a stranglehold of stunted growth for the benefit of the largest banks in the world. As the calls to regulate this industry more heavily grow louder, bogus studies attempt to suggest that this problem is solving itself. JP Morgan insists that Gen Z is rejecting credit cards, as they keep the lowest balances, but the practice of credit-limits would indicate that this isn't due to avoidable but instead can be attributed to credit access. #credit #financialliteracy #creditcards #podcast #podcastclips