[kaycebasques]

Your argument seems to rest on the crux of an anecdote. This one person I know who lives in a mobile home bought a Mercedes, therefore they all are probably making indefensible decisions like that. But again I'll mention this idea from the book again because I think there's a profound truth here:

> Economic security leads to better choices, not the other way around.

I can pull up a bunch of examples of exploitation from the book if you're curious to hear more. The other one that comes to mind is overdraft fees of banks. They don't need to be as high as they currently are and they might not even need to exist at all. Other countries already cap them at much more reasonable percentages.

> People using credit to buy things they don't need and can't afford, that's something else.

You're making a lot of assumptions here. Here's a simple counterexample using the concert ticket example that someone else mentioned. A poor person buys concert tickets. They get behind on payments and it damages their credit score. Unnecessary purchase? Maybe. Maybe not. What if it was a single mom who had bought the concert tickets for her teenage boy's birthday to distract him from the shooting that he had witnessed on his street? Might sound like an extreme example, but if you can consider for a moment that it's not, then you can see how it changes the whole discussion significantly. I can say for a fact that my mom never splurged on herself during the years she raised my brother and me on her own, but she racked up major credit card debt by buying us Christmas presents, because she felt guilty about having to work all the time and wanted us to have amazing Christmas experiences.