Tag: debt

  • Passing the Buck: Why We Pay More But Make LessPart 5: The Auto Trap

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    Part 5 of Passing the Buck, a 15-part series on why we make less but pay more. The first four installments traced cost shifts inside relatively well-defined transactions — wages versus productivity, employer-to-worker benefit transfers, overdraft fees, credit card interest. This one is harder, because the cost being passed to households is built into the…

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    Even that’s Odd

  • Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards

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    Part 4 of Passing the Buck, a 15-part series on why we make less but pay more. Part 3 looked at the overdraft side of consumer banking. This one looks at the other side of the same relationship — the credit card. Most of the largest credit card issuers in the United States are also…

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    Even that’s Odd