First of all, let’s try to avoid American-bashing, and stay respectful to everyone.

I’ll start: for me it’s the tipping culture. Especially nowadays, with the recent post on [email protected] with the 40% tip, it just seems so weird to me to have to pay extra just so that menu prices can stay low.

  • FishInABarrel@kbin.social
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    1 year ago

    Consider two potential creditors:

    • Person A has no credit history at all.
    • Person B has had a credit card with a $20k limit for ten years, generally has a balance of less than $2k, and has never missed a payment.

    Can you see how B is a less risky client than A? A is essentially an unknown risk, but B has demonstrated the ability to manage their debt. A could still get, for instance, a car loan, but likely not a mortgage. And B will get a lower interest rate.

    • glasgitarrewelt@feddit.de
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      1 year ago

      Dept is fascinating, our system seems to be build around it. And still, I was raised with ‘Don’t spend money you don’t have’ which makes person A more trustworthy to me compared to person B, who seems to live a financially risky life. But of course the bank earns more with person B, paying interest. I would reward this behavior as well, but it’s not the kindest system for gullible people.

    • Don_alForno@feddit.de
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      1 year ago

      How is A an unknown? They’ve demonstrated that they don’t make a habit of spending money they don’t have, which most people would consider conservative and responsible.