AVERAGE CREDIT CARD LIMIT - AVERAGE CREDIT

credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder’s promise to pay for these goods and services.
a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered; “do you take plastic?”
A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit
Pricing games are featured on the game show The Price Is Right. The contestant from Contestants’ Row who places the winning bid has the chance to win prizes or cash in a game. After the pricing game ends, a new contestant is selected for Contestants’ Row and the process is repeated.

average

The result obtained by adding several quantities together and then dividing this total by the number of quantities; the mean
approximating the statistical norm or average or expected value; “the average income in New England is below that of the nation”; “of average height for his age”; “the mean annual rainfall”
a statistic describing the location of a distribution; “it set the norm for American homes”
An amount, standard, level, or rate regarded as usual or ordinary
The apportionment of financial liability resulting from loss of or damage to a ship or its cargo
amount to or come to an average, without loss or gain; “The number of hours I work per work averages out to 40”

limit

The furthest extent of one’s physical or mental endurance
the greatest possible degree of something; “what he did was beyond the bounds of acceptable behavior”; “to the limit of his ability”
A point or level beyond which something does not or may not extend or pass
restrict or confine, “I limit you to two visits to the pub a day”
restrict: place limits on (extent or access); “restrict the use of this parking lot”; “limit the time you can spend with your friends”
The terminal point or boundary of an area or movement

A problem of American Journalism: can't persist on 'bread and butter' level issues.

American people’s ‘substantial’ income level has been in decline or – hasn’t been seeing any much substantial increase – for a very long time. (Some say 30 years, others say 20 years. Or there might have been some increase – but that’s all eaten up by this credit thing and mostly by increase in health care cost, etc)

Then now, newspapers industry is facing crisis. There are many reasons to this is one good reason which hasn’t been focused on much is

simply, American people are not rich enough, paid enough to sustain casual newspaper purchases.

There are many other reasons, and I will miss hardcopy papers going away but I do position myself in the camp that ‘they need to go through this change’. More focused, more persistent, more sorted – more responsible and essentially interactive. That should be the way.

But I do feel something like irritation or small anger, the way some talk that newspapers are essential and they need support from people.

Well, newspapers and journalism and journalists never really worked on the issue of American people’s wage stagnation or decline in any substantial ways.

America’s middle class emerged in major way in 50s – let’s say. Then first sign of decline showed up in late 70s to 80s. I don’t see a journalist – who has been talking about this – persistently past some decades. [I don’t even see – domestic coverage expert – a journalist who specialized in – the condition of American economy and average American people’s income issue. There is no such specialization while we have specialized reporters in the issue of the Middle East or Washington DC politics?

There is no such specialization?

Then, of course, you could lose customers. Model was you depend on people paying up a dollar or a dollar and half – or less – just feeling okay to tip in that much of their income just to have something to read. Sitting down and spent maybe an hour – reading through. (In that sense, it was a wasteful habit people acquired for a while – wasting tons of trees and transportation.)

But people’s income lost such ‘affordability’ and casualness. They have to trim spending – to the literally minisclue level. Or they came to be surrounded by 20% 30% interest charging credit cards and then maybe 2% offering saving accounts. For years. Their ‘average’ financial situation became so unstable, destabilized, etc.

But newspapers never came to be with American people at this level. They covered in very limited ways, they rather advocated consumption, spending, fancy house remodeling and second home purchases, wine drinking and celeb chef style cooking and vacation trips.

I don’t know when they come back in some different kind of shapes and forms, will have focus on real ‘bread and butter’ level issues for average Americans.

Old Access credit card sign seen in Maldon, Essex

An old British TV commercial used to ask: "Does you does or does you don’t take Access?" Not any more, as the credit card (introduced in 1972) has been defunct since 1996, but this somewhat sun-bleached sign still lives on outside a shop in Maldon.