Why credit debt works– it’s not your money, it’s not your loss. These cards and card holders aren’t accountable.
If you were losing 19.24 % on your investment, you’d most likely change. Perhaps we don’t think of it like that.
The connection between your money and your credit card is non-existent because their is no symbolic transaction:
Give your money, get something. You get their product. They keep your money;
With a credit card it’s like a pacifier. Give your card, get it back. Get their product, get your card back. There is a safety.
Never lose physically, tangibly.
A deception. People can’t connect the interest lost. They don’t see it as theirs. Because it’s the cards’ rate, not theirs.
Perhaps that is why there exists an Unaccountable Nature of Credit Cards and Consumerism in America.