Rachel Webster

Alana calls this tendency to use more when we have more the portion size effect.

Alana calls this tendency to use more when we have more the portion size effect.

Additional credit is like cigarettes at a party. What? If somebody brings a pack. Oh, it will get smoked.

Additional credit is like cigarettes at a party. What? If somebody brings a pack. Oh, it will get smoked.

Just like me and cigarettes at a party.

Just like me and cigarettes at a party.

While Elena was tasked with getting people more credit, Kathleen McDowell was tasked with getting people more of everything.

While Elena was tasked with getting people more credit, Kathleen McDowell was tasked with getting people more of everything.

But it's not just Jamie. In 2025, the share of credit card customers making only minimum payments rose to a 12-year high. I haven't gotten the thank you card from Chase yet.

But it's not just Jamie. In 2025, the share of credit card customers making only minimum payments rose to a 12-year high. I haven't gotten the thank you card from Chase yet.

$6,500 is the average unpaid balance? That's a lot.

$6,500 is the average unpaid balance? That's a lot.

Hey, Jamie, do you want $6,000? Yeah. Cool. So just give me $6,000 back in 30 days. Oh, okay. Wait, what? No, actually, I'm sorry. I'll give you $6,000. But in 10 years, I just need you to give me $15,000 back.

Hey, Jamie, do you want $6,000? Yeah. Cool. So just give me $6,000 back in 30 days. Oh, okay. Wait, what? No, actually, I'm sorry. I'll give you $6,000. But in 10 years, I just need you to give me $15,000 back.

It seems to be the only thing most people have gleaned from their lackluster financial education.

It seems to be the only thing most people have gleaned from their lackluster financial education.

The FICO credit score for consumers wasn't even born until 1989.

The FICO credit score for consumers wasn't even born until 1989.

Yes, it's just a little baby, but not as beautiful as you and Tay-Tay. How come, like me, it's so young? Well, I'm guessing because of credit cards. When everyone is suddenly borrowing money all the time. Oh, so before people just didn't really borrow stuff? Well, if they did, they borrowed money through connections and reputation.

Yes, it's just a little baby, but not as beautiful as you and Tay-Tay. How come, like me, it's so young? Well, I'm guessing because of credit cards. When everyone is suddenly borrowing money all the time. Oh, so before people just didn't really borrow stuff? Well, if they did, they borrowed money through connections and reputation.