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Credit card debt hits $1T for the first time ever
foxbusiness ^ | August 8, 2023 | Megan Henney

Posted on 08/08/2023 6:33:16 PM PDT by entropy12

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Biden's House of Cards!
1 posted on 08/08/2023 6:33:16 PM PDT by entropy12
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To: entropy12

A sign of recession.


2 posted on 08/08/2023 6:34:15 PM PDT by amnestynone (We are asked by people who do not tolerate us to tolerate the intolerable in the name of tolerance.)
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To: entropy12

You can thank the overeducated leftist suburbanites for this madness!


3 posted on 08/08/2023 6:34:25 PM PDT by No name given (Anonymous is who you’ll know me as )
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To: entropy12

Tell me anyone here on this site who doesnt pay off their balance monthly or within a month or two...


4 posted on 08/08/2023 6:35:11 PM PDT by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: All

My accounts been hacked! How did they know my bill is that far behind?


5 posted on 08/08/2023 6:42:31 PM PDT by BipolarBob (I shot a man in Reno (with a paint gun) just to watch him dye.)
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To: entropy12

Good time for a Jubilee


6 posted on 08/08/2023 6:43:07 PM PDT by C210N
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To: Secret Agent Man

Check the Freepathon.


7 posted on 08/08/2023 6:44:28 PM PDT by Mark (DONATE ONCE every 3 months-is that a big deal?)
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To: Secret Agent Man

Americans pay $120 billion in credit card interest and fees each year

https://www.consumerfinance.gov/about-us/blog/americans-pay-120-billion-in-credit-card-interest-and-fees-each-year/


8 posted on 08/08/2023 6:48:43 PM PDT by entropy12 (Career politicians like DeSantis build wealth. Trump sacrificed his wealth to serve people.)
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To: entropy12

No problem. Just make the “rich” pay off all this debt.

Honestly, as I watch the land of the free become the land of ‘be careful what you say’, and the land of opportunity become the land of ‘redistribution and reparations’, I become less and less tolerant of anyone who votes for Democrats. As far as I’m concerned, when they vote for Democrat politicians and policies they are voting for the destruction of my life. There’s very little difference between doing this vs poisoning or shooting me. I cannot, in good conscience, have any relationship with such people.


9 posted on 08/08/2023 6:49:39 PM PDT by neverevergiveup
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To: entropy12

.
People are raiding their 401k’s early more than ever before.

A sign that it’s their last or only resource.

Bad Signs


10 posted on 08/08/2023 6:51:40 PM PDT by AnthonySoprano (Impeachment is necessary since Deep State is blocking )
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To: entropy12

A new level of stupid.


11 posted on 08/08/2023 6:55:00 PM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: Secret Agent Man

I have two credit cards. The first has a $500 limit and I use that for my daily purchases. I pay that off every two weeks. The other one, I use for purchases that are too large that I need to still make, but I pay that down 10% every two weeks until it gets paid up. That works out to be about 4% interest when I have to do that.

Otherwise, I don’t carry balances.


12 posted on 08/08/2023 6:55:34 PM PDT by Jonty30 (If liberals were truth tellers, they'd call themselves literals. )
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1/30th of what Congress has racked up.


13 posted on 08/08/2023 7:00:00 PM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: Secret Agent Man

My family doesn’t use credit cards at all, a la Dave Ramsey.


14 posted on 08/08/2023 7:03:24 PM PDT by ViLaLuz (2 Chronicles 7:14)
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To: amnestynone

There are simply to many stupid people in the world and this debt is more proof of that fact.


15 posted on 08/08/2023 7:04:22 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: proust

With one major DIFFERENCE. Congress can print money. Consumers can’t (legally anyways).


16 posted on 08/08/2023 7:05:24 PM PDT by entropy12 (Career politicians like DeSantis build wealth. Trump sacrificed his wealth to serve people.)
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To: entropy12

.


17 posted on 08/08/2023 7:06:00 PM PDT by sauropod (I will stand for truth even if I stand alone.)
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To: entropy12

The unsung benefits of Bidenomics.


18 posted on 08/08/2023 7:07:28 PM PDT by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
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To: entropy12

We now have pResident who made a career in the Senate protecting the usurious credit card industry. Why is this surprising to anyone?


19 posted on 08/08/2023 7:08:29 PM PDT by Dr. Franklin ("A republic, if you can keep it." )
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To: entropy12

How long before some dim starts talking about the need for credit card debt forgiveness?


20 posted on 08/08/2023 7:09:05 PM PDT by ealgeone
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