Who Really Pays for Credit Card Rewards (Hint: Poor People)

Credit card rewards are marketed as a free perk for savvy shoppers. But the math behind these points tells a much darker story about wealth transfer. Discover how interest rates, swipe fees, and price inflation create a system where lower-income households fund the luxury travel of the wealthy. #creditcards #finance #economics #money #banking References: Federal Reserve Credit Card Study: https://www.federalreserve.gov/public... Interchange Fee Data: https://www.gao.gov/products/gao-23-1... Credit Card Interest Trends: https://www.consumerfinance.gov/data-... == Timestamps == 0:00 The Myth of Free Money 1:17 The Burden of Fees and Interest 2:36 Why the System Is Unfair 3:42 The Fight Over Swipe Fees --- Thanks for watching! Subscribe for more content.