Which of the following has allowed Americans a higher standard of living?

Question

Quizplus · Accepted Answer

Credit buying has allowed Americans to purchase goods and services that they otherwise may not have been able to afford with their current income. This has contributed to a higher standard of living by increasing access to consumer goods and allowing individuals to make large purchases, such as homes and cars, earlier in life. Wage inflation, overtime pay, and protective labor laws may contribute to a higher standard of living for some individuals, but they do not have the same widespread impact as credit buying.

Which of the Following Has Allowed Americans a Higher Standard