22% are using their credit cards for essentials and making only minimum payments at average 21% interest. Figure that interest rate into the cost of living and the inflation number looks way worse. This has been building steadily since 2021. The media obdurately refuses to acknowledge how much trouble we are in, preferring to spew whatever narrative the government feeds them.
The media obdurately refuses to acknowledge how much trouble we are in,
Trying to be realistic here. Remember what we will experience is the cure. The broken arm needs to be reset, painful in the short term. Everyone cusses the doctor when he does that.