We are blessed that we haven’t carried a credit card balance for the last 15 years. They are simply a convenience.
Bidenomics.
Auto loans:
Delinquency rates at highest level in almost 30 years
https://www.bankrate.com/loans/auto-loans/subprime-auto-loan-delinquencies-surge/
Homes:
Home Sales Were the Lowest in Almost 30 Years in 2023
https://www.wsj.com/economy/housing/home-sales-likely-fell-to-15-year-low-in-2023-3da220e1
So....Consumers have racked up record credit card debt. They are now defaulting on credit cards at a high rate. They are defaulting on car loans at the highest rate in 30 years. Home sales are the lowest they’ve been in 30 years.
Gosh, why do people think the economy sucks? Clearly they just don’t know how good they have it! Joe should continue to tout Bidenomics and tell them all about this wonderful economy.
.
But this is the best economy since Calvin Coolidge….right wing conspiratorial article
(Super sarc)
I guess I am unaware, but 3.2% is “staggering”?
Just call the number on the screen and we will reduce your debt.
All by design.
Credit card companies are nothing but legalized loan sharks.
At least they don’t have to put up with any mean tweets coming from the White House by an orange bad man.
Let’s go Brandon
Chase offer at their site a 24.99% rate for a new credit card..... Loan sharks give a better deal.
Go to bankrate.com to get a 0% rate for 12 to 18 months before the sky high interest rates.