dont worry about it- biden will forgive all credit card debts- as long as you fall into one of their protected classes
Get ready for it. Foreclosures are racist.
2008 called. They want their bank bailouts back
“We should be concerned”
What do you mean “we”, paleface?
Banksters - pack your bags.
The media have been studiously ignoring this for months, while assuring us that as long as “consumer spending” holds up, all is well. The Biden economy is like Wiley Coyote chasing Roadrunner off a cliff, not noticing that he is left standing in midair, right before he plummets.
Privilege
Why would a financial paper think that we can’t just Borrow our way to prosperity?
We’re all waiting for Biden to pay off or cancel our debt. Just like he’s doing with student loans.
They have to get w a program and shut the cards down. Get working. Get some income. Budget. Relocate. Cut out anything unnecessary
Recognize how much we pay in taxes.
Just in time for a wave of millions of unskilled immigrants into the US we are on the precipice of a fundamental transformation of the job market where MANY positions will be eliminated due to automation, AI, and robotics.
You and I will share the government benefits for which we have paid our entire working lives (medicare and social security) with persons who have not paid a dime and whom have very few job prospects.
This story is important and its not just the amount of credit card debt we are accumulating - it is what people are using credit to pay! Utilities, groceries, gas, car payments, and other “budgeted items” are increasingly being purchased with credit. A very bad sign.
Speaking of car payments.... bank repossessions of vehicles are spiking dramatically as more Americans walk away from vehicles they simply cannot afford. Local banks here are not even bothering with the “bank lot” any more.... they have so many they are hiring brokers and sending cars to the auto auction!
Car dealers are still struggling to get new vehicles to sell and they are still marking up used cars despite the pending market flood with late model repossessions.
These are real things that should cause everyone concern regardless of your personal situation or what the Ivy-league idiots say.
How can they pay it off when they are maxing it out because their income is not sufficient to cover food and gas and rent?
I wonder how many Americans will maxx out their cards and just walk away from their debt? With all this talk about a “great reset” many probably think this is their last chance at getting ahead of any coming economic collapse.
possible suggestion from the ‘80’ and ‘90’s....
with all this doom kaboom tribulation end is coming from doapboxes around the country ...
in those days, pastors were telling their congregants to rack up their card balances, paying the dubious $5.00 a month, leaving all that credit mess for the left behinds to try and straighten out!
just might that be happening now too?
Another scam bailout coming....probably targeted. They like to pick winners and losers.
Jao Bai-din will forgive their debts like college loans. Can’t let the “too big to fail” banks actually fail.
That comes out to probably $5K average for every adult in the U.S.
If you just increase your “debt limit” then there is no problem to keep spending on credit. Call up your credit card companies and DEMAND they give you a higher credit limit or you will default...
Due to cash flow crunches once in a while I have had some credit card interest. But our main debt beyond the mortgage is our line of credit. It would be foolish to not roll credit card debt into a LOC. But of course even LOC interest rates have increased making it less manageable.
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Anyone else having a hard time buying that?
Are the Democrats counting those who cut their toe-nails
weekly, as full time employees now?