About This Lesson
Over the past few decades, the perception of debt has shifted in our society. Before the 1980s, consumer debt was considered to be something shameful; something that was only used by the poorer members of society who had trouble “making ends meet”. With the introduction of credit cards, lines of credit and a myriad of financing options it has become increasingly acceptable (and increasingly easy) over the past 30 years to carry large amounts of consumer debt and this shift in public perception has been extremely profitable for lenders.
