EVERY American family needs to read (or listen to the audiobook of) Maxed Out: Hard Times, Easy Credit, and The Era of Predatory Lenders.
Seriously, the credit card industry has legislative advantages and intents that most of us would never guess.
In college when frat boys hocking credit cards would yell to my husband "Free t-shirt!" He would raise one fist in the air and yell back, "Credit is the oppressor of the middle class."
Truer words were never spoken.
There's a phenomenal Maxed Out documentary too, but it is much better when viewed after completing the book than before reading it. Look at your local library for this book and documentary. If they don't already own these materials, request them for acquisition so your entire community can benefit from this information as well.
We tip our hats to author/filmmaker James Scurlock and our newly discovered hero Elizabeth Warren for their sincere attempts to inform and protect low and middle income families.