Thursday
Apr022009
Credit card debt is like drug addiction?
Staff
By Kayleigh Harvey - Talk Radio News Service
At a House Judiciary Subcommittee hearing on “Consumer Debt: Are Credit Cards Bankrupting Americans?” Adam Levitin from Georgetown University Law Center said, “It is like drug use in this sense. There is definitely an addictive quality to credit...there is definitely are parallels between the way consumers use credit and what we see with addictive products.”
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At a House Judiciary Subcommittee hearing on “Consumer Debt: Are Credit Cards Bankrupting Americans?” Adam Levitin from Georgetown University Law Center said, “It is like drug use in this sense. There is definitely an addictive quality to credit...there is definitely are parallels between the way consumers use credit and what we see with addictive products.”
Listen
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