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Reply #6: Americans are less price sensitive because of credit. [View All]

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PeaceProgProsp Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-09-04 12:18 PM
Response to Reply #2
6. Americans are less price sensitive because of credit.
Credit cards and mortgages, specifically.

And that's crazy because buying overpriced shit like gas on credit is even worse than if you couldn't afford it all and had no credit.

Not only are you paying the $100 bucks at the pump every month, but you're paying interest on that to the banks, and you're driving yourself deeper into insolvency, which might cost you your home.

You'd be better off if you simply couldn't afford to buy gas.

But Americans won't strike over high prices for anything so long as they can buy on credit and live like slaves to banks.
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