Dangers of Credit Cards | Georgia Student Finance Commission
: Nearly half of Americans carry credit card debt month to month, and adding impulse purchases to an existing balance can lead to interest charges that make habits increasingly expensive. Key Financial Risks a disadvantage of using credit is impulse buying
: Unlike physical cash, which provides a tangible sense of loss, credit card transactions are more abstract, effectively "releasing the brakes" on spending control. Statistical Impact of Credit on Impulse Spending Dangers of Credit Cards | Georgia Student Finance
