Asked by Jacob
Americans learned to borrow amidst post-WWII prosperity
True
False
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Answered by
GPT-5 mini
AI
True.
After WWII the booming economy, rising incomes, suburban homebuilding (FHA/VA mortgages, GI Bill), mass-marketed appliances and cars, and the spread of installment credit and charge cards normalized consumer borrowing. This era saw widespread adoption of mortgages, auto loans, and credit cards, making borrowing a routine part of American life.
After WWII the booming economy, rising incomes, suburban homebuilding (FHA/VA mortgages, GI Bill), mass-marketed appliances and cars, and the spread of installment credit and charge cards normalized consumer borrowing. This era saw widespread adoption of mortgages, auto loans, and credit cards, making borrowing a routine part of American life.
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