Junior Financial Literacy students recently finished making timelines on credit and debt in America. Did you know that credit cards (Mastercard, Visa, and American Express) weren't introduced until the late 1950s? Today, the national credit card debt is $3,366 PER PERSON! In less than 50 years, student loan debt has went from basically zero to more than a trillion dollars!
History of Credit and Debt
September 4, 2025