I’ve been talking with J.D. of Get Rich Slowly about the rise of (the social acceptance of) personal debt in the twentieth century, which was somewhat spurred on by my MoneyBloggerPodcast interview.
J.D. has included a passage from a book, Ain’t We Got Fun, in his recent post, The Dawn of the Age of Credit. The book looks at the changes in American society of the 1920s that led to the way people view credit cards and personal debt today. That is to say, most of this country holds personal debt as socially acceptable, rather than in previous centuries when a social stigma was attached to those who owed money.
The book seems a little difficult to come by, otherwise I’d add Ain’t We Got Fun to my wish list.
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