In the US, the debt levels of People in America have persisted to increase. It was during this period that the usage of credit cards significantly amplified. Credit cards providers start looking for various ways to promote their products to people, and used things like commercials, direct mail, as well as other marketing strategies.
It was during the Eighties that people start getting off cash and also checks into credit cards. The reason for this could be related to the beginning of the information age. Since the utilization of computers grew to become more popular, credit cards rapidly adopted. Approximately the number of individuals utilizing credit cards during this period exceeded people who were utilizing cash and checks in one year. The usage of debit cards has exploded greatly since this period as well. Continue reading