Americans now owe $1.13 trillion in credit card debt
Gee, I guess slamming the brakes on the working man with high interest rates (thank the central bank!) screwed all the working class. And most of us still haven’t had a fucking chance to recover after Covid and war have fucked our finances, and honestly, it’s not like we’re all getting raises.
That’s exactly it. The Federal Reserve is like “this is the only tool we have to control inflation”, meanwhile the fuckheads at our Congress and Senate are like “40% of inflation is solely attributable to corporate profits, but our donors don’t like talking about that sooo”.
Inflation gets reigned in by fucking over the people least able to cope with job loss, insurance cost spikes, etc.
The judicial and legislative branches can get dry fucked by cactus and balsa wood for all I care, almost all of them.
let’s goooo
it’s a gamble, sure, but i’m waiting until climate change gets bad enough that their server farms get destroyed and our debts with it
The first rule of Project Mayhem is you do not ask questions, sir.
Per card? Or total across multiple cards?
I had a $6,000 bill on one card, paid in full last month, but it was one of those one year 0% interest checks that I had used to pay off a large electrical project.
The rest of my cards have negligible debt. I try to pay off everything every pay day, but I recognize not everyone can do that.
I assume it’s total outstanding debt divided by credit card holder. Kids, never carry a balance on your CC. Do not accept 20% as a reasonable loan. Spend against your budget, save up for big purchases and pay your CC bill in full!
Those are rookie numbers.
Anyone know how they calculate it? Average of all credit card holders? All US households? Average of all those behind on payments?
The concept of credit card sound stupid . Here barely any use them . We use debit card .
