How America got hooked on credit cards

Decades ago, young baby boomers and Gen Xers who were seduced by the promise of easy credit ended up in debt. Why are credit cards still so ubiquitous?

When Mike Oh was 18, he got his first credit card and ended up with a few thousand dollars in debt. To pay it off, he started Tech Superpowers out of his MIT dorm room in 1992, which is still running today.

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