End of Consumerism Essay

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Ryan Nuckolls Christine Collins English 2000-Sec. 30 20 September 2012 Credit Cards: The Sky High Pile of Debt In 2011, the United States Census Bureau determined that there were nearly two billion credit cards in use in the U.S.- putting it into perspective, a stack of all those credit cards would reach more than seventy miles into space! This stack of plastic cards stands for more than 800 billion dollars of the total U.S. consumer debt (Federal Reserve G.19 2011), causing most Americans to take drastic new approaches to their credit spending habits. U.S. News & World Report writer Kimberly Palmer examines this current economic shift of credit card usage in a publishing, “The End of Credit Card Consumerism”. While this article presents worthy problems of credit card usage and the beneficial solutions of becoming more economic minded, the writer doesn’t take into account counter objection questions that causes her writing to take a one-sided approach. Writing on the behalf of an accredited publication such as U.S. News & World Report, offers a tremendous amount of credibility to the professionalism in Palmers writing. Even in accredited publications, there are often unchecked & misleading statistics published in financial reporting; Kimberly presents her facts with citations from credible professionals and financial firms in the credit card industry. Using a quote from an Merrill Lynch economist describing how we need to go through “the process of bringing our wants and needs into realignment”(Philips -Bostian 470) expresses the writers credibility by showing Palmers cares for the well being of the reader by persuading them to become more economic minded with their finances. Aside from the financial professionals she used to persuade readers to reduce their consumer spending, there was a savings example on “how magazines play up celebrity

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