To West German critics such as Ropke, installment buying more urgently presented a social- and political problem.
(131) Virtually every initiative to reform the legal framework for installment buying thus included provisions that called for the clear differentiation between cash and credit prices so as to ensure that the cost of credit purchasing would be clear and born only by the customers who made use of it.
The University of Michigan's 1954 Survey of Consumer Finances found that 50% of American households regarded installment buying as a good idea while only 37% more or less strongly opposed it.
Informal credit investigated in this paper included installment buying, rotating savings, credit associations and the lending club.
Figure 1: Participation by active members in Forms of associations Series 1 Formal finance 4 Lending club 20 Fixed fund 24 Installment buying 22.7 Rotating saving 29.3 Note: Table made from bar graph.