COPY ONLY QUESTION AND ANSWER.
Credit cards
America's 78 million credit cardholders carried an average balance of $7,564 last year. The cost in interest and fees amounted to more than $1,000 for the typical budget. If you just said, "Budget - what budget?," you know what I mean. Truth is, most of us go on spending sprees from time to time.
But, when power shopping creates the illusion of success, even as debts spiral out of control, it has become a weakness. Some obvious signs that spending is out of control include making minimum payments on your credit cards, late fees, bounced checks, lack of a budget and loss of sleep over money worries.
ANSWER THE QUESTIONS
1. How many people in America have credit cards?
2. On the average how much do they put on their cards?
3. What indicates you may be shopping more than you should?
4. Do you feel as if the author may feel that shopping is bad for our health? Explain.
5. How much do Americans spend just on interest?
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