Comment by stathibus

3 years ago

Having credit is not optional in modern society.

In the US, where credit cards are notably popular, 70-72% of people have a credit card. In other countries, it is less than this.

  • Even if you don't have a credit card you may have a mortgage, or a car loan, or a business loan, or...

    To have none of those things in the US you must be either very rich, very poor, or dependent on someone else who does.

    • Many people rent and buy cars with money they have saved. Some others, use public transportation. While many middle-class people take advantage of credit, it is not a requirement to participate in modern society. It is optional, in any normal sense of the word. Search "debt-free lifestyle" and you'll find blogs of many who advocate for living this way.