Here at PerkStreet, we think credit cards are bad for a lot of reasons. The debt they entice people to accrue is probably the most obvious. But credit cards are also hurting many regular folks in this country who aren’t in terrible debt. Here’s an infographic we made showing how credit cards actually transfer wealth from normal families to rich families:
Of course, rich families aren’t doing this on purpose. They’re just using credit cards to get the best rewards, since they spend so much money. Luckily, the onus to change this doesn’t rely solely on rich families. Your family can stop the cycle by switching from credit to debit.
Help PerkStreet spread the word about how regular families are giving $8.3 Billion to rich families every year. Share this infographic in social media, or embed it in your blog.