this post was submitted on 26 Feb 2025
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The Suprising Way Credit Card Companies Make Money [in the US] (www.youtube.com)
submitted 11 months ago by FundMECFSResearch@lemmy.blahaj.zone to c/videos@lemmy.world
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Good video showing how credit card culture basically makes poor people pay for rich people’s luxury.

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[–] doylio@lemmy.ca 1 points 11 months ago

My apologies, he does make that point. I mis-read into your comment that the poor people using credit cards (who pay interest) pay for the rich person's credit card rewards. But it's worse than that, anyone who doesn't use a credit card (which includes many poor people as you point out) are subsidizing the rich person's rewards