I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
I remember when I started my first job back in 2003 it was extremely rare to have someone pay with a credit card.
Where did you work? What kind of Boomer clients did you serve?
I worked fast food in '03, it was closer to 50/50.
I worked retail in 2007 and almost never got anything but cash payments.
And yes, most customers were boomer age.
Huh, I worked a convenience store/gas station in the late 90s and credit cards were at least half of the sales. Heck, it was kind of funny when someone used a card for candy bar that cost less than a dollar.
I worked at a movie theater and credit cards could only be to purchase tickets and not concessions so that may have had something to do with it
Of course having a limitation on card usage would reduce how often they will be used…
I did. I’m near 40 was about to enter college and credit and debit cards were everywhere. I’ve never handled much cash my entire life.
Weird, about half of the sales during that time period for me were with plastic, but I lived in a city, so maybe that’s the difference.