Credit cards are now becoming a part and parcel of human beings life. With the slogan ‘Enjoy today’s happiness using tomorrow’s money’ it is causing an increased dependency of the youth of today on them. Some feel that people are becoming slaves to this new found independence since one need to pay a minimum amount against credit card debt each month.
Chinese youth feel that they might become a slave to these credit card companies and hence their whole life would be lost in borrowing money from one card company in order to pay off the debt of other and hence always live on the edge of bankruptcy. With banks marketing credit cards like anything credit cards are gaining popularity in China and on an average people are possessing two cards.
It’s the youngsters who are mainly getting addicted to the power of credit card but they don’t realize that in the process they could be doing harm to themselves if they get trapped in the credit world.
Via chinadaily
