Right… but sometimes people fall on hard times. They may get laid off and need food or to pay rent for the month. They may get an unexpected medical expense. They use a credit card in the hopes they’ll bounce back on their feet soon… but high interest rates make it harder and harder to pay it back. Interest rates should never be above 20%. And even that is high.

But yes, there are those who use it to go partying or buy expensive toys too.