BLACK FRIDAY sales are upon us. This event is definitely misnamed. Think about the purpose of all the hype: to sell stuff. Much of the goods sold will go on credit and debit cards. And there are actually still people who reach into their pockets for paper and bits of metal and pay that way. No matter what the method, though, it’s a river of money flowing away from us and into companies’ reservoir of profits.
Overall, that’s good for the economy…but not for individuals and families with too little saved up at this time. In other words, many people are adding to their burden of debt. Doesn’t that put them into the RED? Then, shouldn’t the event be called RED Friday?