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Podcast: Meaning Over Money
Episode: 262 - Credit Card Debt and the Myth of Irresponsibility: How Our False Perceptions Are Luring Us Into the Debt Trap
Description: When we look at the millions of Americans in credit card debt, our typical reaction is to shake our heads and think to ourselves, "If they just would have been responsible, they wouldn't be in credit card debt." In today's episode, host Travis Shelton makes the argument we have it backward. Rather than people going into credit card debt out of irresponsibility, it's because they are trying to be responsible.....with the other areas of their life. Our responsibilities are often aligned, but they begin to collide when we experience financial stressors. Therein lies the trap.<...