You know it.
But they keep spending. smh
But wait! That’s not all! There’s more!
“American consumers are increasingly underwater on their car loans”
I had two cards greatly reduce spending limits under Biden/Harris.
I hope so. 🤔😊👍. And mortgage forgiveness too.
Or mass write offs.
There is no money. For credit cards, houses, cars, SS payments, military industrial complex, anything.
This is a good thing right? I mean, come on people are spending money they don’t have and are enjoying life, just like Congress.
The idiots I know just get another card when they max out.
Americans are at a record high in personal debt due to the conditions caused by the current admin.
The opposite of wisdom. Tight times mean tight budgeting.
I “max out” one of my cards pretty regularly. I have a low maximum amount on my card, and some months I get close to the limit. I pay it off every month, but I’m included in these stats.
For the longest time, ARCO gas stations (in SoCal) accepted only cash or debit cards. Then, a couple years ago they made a big deal about now accepting credit cards. My guess is that too many customers could no longer spare the cash and HAD to put gas on a credit card, so ARCO was losing too much business to gas stations that accepted credit.
Just talking with my wife this a.m. about this. I said credit card debt is like kudzu. Trying to trim it back a little at a time is a Sisyphean task that will consume the rest of your life. It has to be pulled out root and branch and burned to ashes.
It’s called bankruptcy, and the number of folks applying are going through the roof.
I remember 1978.
The same thing happened with lots of Americans.
Thank you Jimmy Carter.