With four shopping days left before “Holiday” I toddled off to the malls yesterday to do my Merchants Day shopping. I had read that sales were down but business seemed pretty brisk judging from all the plastic I saw being tendered.
No money, just credit cards. No kidding. No one was buying anything with folding green, with money they had now; they were all contracting to pay with money they hoped to have sometime in the indefinite future.
When I was a kid (and don’t you hate it when some old guy, some really old guy, says that?) there were no credit cards. That’s right, Virginia, Santa was on a strictly cash and carry basis.
Instead of credit cards every bank had a “Christmas Club.” Folks made regular deposits during the year into modest little interest-bearing savings accounts. Then at Christmas they had money to buy stuff with.
Well, that was during the depression. We’re all better off now, which is why we’re all in debt.
Merry Merchants Day to my fellow bloggers!