I was similarly baffled, for someone from Europe this is generally quite unusual, but with some experience in the US I wrote a [detailed reply here](https://stacker.news/items/174689)

nout

bitcoin

Credit Card Debt Explodes At 2nd Fastest Pace On Record, Rates Hit All-Time High

lpop4254

I don't know if it's specific to the US (it seems less common in France), but I don't understand the concept of going into debt for consumption.
On average 21% interest? How is it possible to accept that? But what do they buy on top of what they can afford without credit with average salaries that are among the highest in the world?

This is truly the peak of Fiat madness.
![](https://pbs.twimg.com/media/FvODjcKXsAcwv6u?format=png&name=small)