Query on Measuring of consumer debt

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Mon Jun 8 16:10:44 PDT 1998



> I presume this practice accounts for some
> substantial proportion of credit card debt, but is it really debt?

Of course it's debt; there's a grace period, but you get the goods/services before you pay for it. It's a credit arrangement.

/jordan



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