Oh? So the fact the average credit card debt per U.S. household was $8,500 Is an illusion?
“Oh? So the fact the average credit card debt per U.S. household was $8,500 Is an illusion?”
What are the purchases? About 45% of the country is doing great. The other 40-45% are treading water. 10% are floating back and forth.
I see it in my career with employee benefits. Owners, managers, key and technical employees are doing great. Rank and file employees not so great. Stagnant wages(Though better under Trump), loss of benefits on and on.
My frien works flor a major soap company. Not that long ago $18 an hour to start, full benefits. A few years ago they stopped that and now hire employees though a temp agency $11 hr, no benefits and 29 hrs per week so don’t have to pay health insurance.
I see more and more of this happening every day in my line of work.
A race to the bottom. I’ve read plenty on here whose jobs were outsourced to HB-1 for a 30% of their wages
Talk with any doctors billing office and see how people are paying their $8000 deductible medical cost-it aint cash or checks.
“Oh? So the fact the average credit card debt per U.S. household was $8,500 Is an illusion?”
Oh one thing. My wife and I are 58 and we pay $1900 per month for our health insurance. I looked to see what the age banded cost will be when we are 63- Over $3000 per month for a $8000 deductible each.
We have done well but and an afford it. But many can’t and they make too much money for medicaid.
Not all people are fritting away their money as you claim. Most are cutting coupons and watching every penny they spend.