Please read the assigned readings for next week’s class. See attachments.William Emmons_Consumer Spending
WEF_ConsumptionDilemma_SustainableGrowth_Report_2011 (for Wed, read pages 13 – 17 of article)
Please focus particularly on the WEF reading (pages 13 – 17) for the Oct 1 class which will feature guest lecturer Prof. Pa Her, Professor of Psychology, followed by discussion.
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These days of austerity along with relative anxiousness about taking on debt, some people balk about the idea of utilizing a credit card in order to make purchase of merchandise or pay for a vacation, preferring, instead just to rely on this tried in addition to trusted means of making repayment – raw cash. However, if you possess cash available to make the purchase in whole, then, paradoxically, this is the best time to use the card for several motives.