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☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · 1 year ago

Americans are missing credit card payments at the highest rate in a decade

www.businessinsider.com

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Americans are missing credit card payments at the highest rate in a decade

www.businessinsider.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · 1 year ago
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US households are under pressure from rising prices, and credit-card delinquency rates have soared past pre-pandemic levels, the Federal Reserve said.
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  • davel [he/him]@lemmygrad.ml
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    1 year ago

    It’s really something, watching things unfold just as predicted many months ago. You’re a wizard, Harry!

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year ago

      Lots of people are still pretending that the economy is doing great though.

      • comradeRichard@lemmygrad.ml
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        1 year ago

        The “economy” 😩 our measure of success is how much value is extracted from the highest amount of people to be siphoned to the finance sector… To do well at this is terrible for everyone else, to have a stable quality business is to fail 🤷

  • Weyland@lemmygrad.ml
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    1 year ago

    credit-card delinquency rates

    I keep forgetting that not paying one’s debt is viewed as a crime in the USA regardless of the reason as to why you can’t pay.

    • bleepingblorp@lemmygrad.ml
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      deleted by creator

  • TheCommunismButton@lemmygrad.ml
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    1 year ago

    But line still go up, so economy good!

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