IN DEBT WE TRUST

The first credit card was made of wood. It declined constantly but looked artisanal.

✗ FAKE
Early charge cards were metal plates or cardboard, such as the Diners Club card of 1950. The first credit card was not made of wood.

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Warren Buffett bought his first stock at 11. Meanwhile, you were just discovering Pop-Tarts.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The Gini coefficient measures income inequality in a population. A fun reminder that someone’s yacht is your student loan.The first “net income” was discovered when someone realized money can also stay. A rare miracle.GDP per capita is a measure of a country’s standard of living. Unless you’re the one bringing the average down.The first “credit utilization” rule was invented by someone who wanted to measure your chaos scientifically.See all In Debt We Trust facts →

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