Average credit card balances rise to more than $6,000 Credit card delinquencies reached highest levels in a year

Fox Business ^ | 10/5/2023 | Javier Simon

[MrRelevant]

More great news.... tick tick tick

[eyeamok]

All of this economic calamity is a small price to pay for No more Mean Tweets coming out of the White House. Over 80 million WANTED THIS!

[FlingWingFlyer]

Jumpin’ Joe Jackass is going to have to “cancel” some more debt for his deadbeat supporters.

[Starboard]

Check out the interest rates on your cards. Chances are its around 20%. We have a zero balance on a store card that charges 31%.

[oldasrocks]

So raise interest to 20% and get it over with.
It works so well to raise costs to lover prices.

[Responsibility2nd]

Yes. Yes you did.

[madison10]

I glanced at the rates last night. Super high.

We only use the credit cards so our debit card is not out there getting scammed. We also pay it off quickly/no balance

[Vermont Lt]

I would be horrified if I had credit card debt that high.

[rktman]

Amateurs! Let me show you how its done!

[Starboard]

“I glanced at the rates last night. Super high.”

*************

Nothing in this will surprise you but its an interesting read.

https://www.lendingtree.com/credit-cards/average-credit-card-interest-rate-in-america/

[moovova]

Yeah but...think about the airmiles they’re receiving!

[Tired of Taxes]

Too many people overspend and refuse to stick to a budget.

[chajin]

In the interest (pun intended) of destroying any semblance of humility, here are the balances on my four credit cards:

#1: $12.46
#2: $0
#3: $0
#4: $0

It seems I am a contrary indicator of economic progress.

[Obadiah]

[MCF]

If it ever came to a Revolution in our country this would be one weapon in the fight. Run up a large CC debit buying what you need at the same time withdrawing all the cash from your accounts then everyone stop paying. Watch the bank failures begin.

[MNJohnnie]

Bidenomics at work

[Psalm 73]

"...they’re increasingly turning to credit cards to make ends meet."

Are they insane, man? How about cutting spending. Or maybe engage in a little mass-looting - seems to work for some folks.

[Strident]

Good luck Jerry, the entire leftist, government (but I repeat myself) apparatus has floored the fiscal and regulatory policy pedals into inflationary insanity, because racism, climatism, genderism, anti-capitalism, etc.

Your monetary levers have a tough job ahead.

[dragnet2]

But Biden and his leftist misfits say the economy is fine.