How should I understand the underlined?
Does it mean "both embarrassing and shameful"?
Thanks in advance.
Americans had traditionally viewed buying anything other than real estate on credit as something between embarrassing and shameful. But in the 1920s, Ben Franklin’s “a penny saved is a penny earned” maxim seemed old hat. A 1928 business yearbook noted that installment buying “is now recognized as an integral part of our economic life.”