☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 month agoTotal credit card debt having just hit a record $1.1 trillion, up $363B since 2021. That's $7.3B a month. Buy Now, Pay Later schemes, projected at $117B this year, aren’t even counted.fred.stlouisfed.orgexternal-linkmessage-square4linkfedilinkarrow-up114arrow-down10cross-posted to: us_news@lemmygrad.ml
arrow-up114arrow-down1external-linkTotal credit card debt having just hit a record $1.1 trillion, up $363B since 2021. That's $7.3B a month. Buy Now, Pay Later schemes, projected at $117B this year, aren’t even counted.fred.stlouisfed.org☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 month agomessage-square4linkfedilinkcross-posted to: us_news@lemmygrad.ml
minus-squarelimer@lemmy.mllinkfedilinkarrow-up4·1 month agoThis is an indicator of people becoming poorer
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPMlinkfedilinkarrow-up3·1 month agoExactly, people are going into debt cause wages aren’t keeping up with inflation.
minus-squarelimer@lemmy.mllinkfedilinkarrow-up1·1 month agoIt seems to track the increases of the cost of living. A cost that cannot be paid so easily
This is an indicator of people becoming poorer
Exactly, people are going into debt cause wages aren’t keeping up with inflation.
It seems to track the increases of the cost of living. A cost that cannot be paid so easily