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no_hypocrisy

(51,282 posts)
6. Counterintuitive and Counterproductive
Thu Apr 24, 2025, 06:30 PM
Thursday

Women have enough money to support having credit because they are mostly employed and get wages. Before the Equal Credit Opportunity Act (ECOA) was passed, it was the opposite, with women staying home, working with no income.

If I have a credit card, I have the means to pay for my transactions like any male, married or otherwise.

Taking away the ability to purchase on credit for 50 percent of consumers will have a direct hit on the economy. Less goods and services purchased and less profits from those sales.

One of two things could happen: for transactions $100 or less, women would still have the money and would pay in cash; or they would be reliant upon paper checks again.

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