Comment Comment by delish Patrick McKenzie rebuts this here: (podcast) https://open.spotify.com/episode/2E2KRPcDvh1LcRw5bIsBms or here (article): https://www.bitsaboutmoney.com/archive/anatomy-of-credit-car...The intuition being: people who carry balances and pay interest don't actually spend very much; they are not wealthy. parent delish 2 months ago
The intuition being: people who carry balances and pay interest don't actually spend very much; they are not wealthy.