I agree with you for the most part, that most American's don't use their credit right. Credit should be for paying for things you can't afford that allow you to keep making money. Like fixing your car so you can keep going to work. Or getting a house to live in. But alot of folks don't view it that way. Credit and debt aren't necessarily evil. In many ways the ability to have debt can create and drive an economy. Studying micro loans in the developing world, and you see that the ability to buy a water pump, or a solar panel on credit makes them far more productive and they are able to pay back that loan easily and then continue to get value for their purchase.