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News@lemmy.world • 5 months ago

Credit card debt hits a 'staggering' $1.13 trillion. Here's why so many Americans are under pressure

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Credit card debt hits a 'staggering' $1.13 trillion. Here's why so many Americans are under pressure

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News@lemmy.world • 5 months ago

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Strong consumer spending boosted credit card balances to a new record high in the fourth quarter, according to the Federal Reserve Bank of New York.

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Snot Flickerman
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5 months ago
Because food and rent costs so much that they have to turn to credit to cover what their meager pay does not?

They stopped playing these commercials 30 years ago but the situation just kept getting worse anyway.

The people in debt now don’t even have nice things like a pool.

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