'Normal' or average person - Hard to define, but lets say in UK terms, working class, earning enough to pay all bills and make about £50-£200 savings per month.Moustache wrote:And what is your opinion about a normal person? Are you thinking about a certain cash flow each month? Because people with a low income should better save up for a tv screen instead of buying one that way.
Also, you assume a TV, but there are many expensive essentials in life.
Oven, Fridge, Freezer, Washing Machine, Dryer, Furniture. Also, entertainment is an essential in the modern world we know today.
I could discuss this allday, but the simple facts are, that Credit and HP are an essential to economy, as long as it is not abused. Those who abuse it and buy things outside of their means will lose everything. Without credit, the rich will get richer and the poor get poorer, and the rich-poor divide widens.