BIDEN ECONOMY: US Credit Card Debt Surpasses $1 Trillion for First Time in History
Discover more from The Daily News from the Art of Liberty Foundation
BIDEN ECONOMY: US Credit Card Debt Surpasses $1 Trillion for First Time in History
US credit card debt surpassed $1 Trillion for the first time in history as more and more Americans have to borrow to get by. This is tragi...
This is tragic.
Americans are losing the battle against Biden inflation.
ABC News reported:
U.S. consumers’ total credit card debt exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub.
Consumers took on an additional $92.2 billion in debt last year, the highest single-year amount since 2007. The average U.S. household owes $8,600 on credit cards, WalletHub found…
The article suggests that people, are charging money to credit cards because they are saving which absolutely makes no sense. Americans put money on credit cards because they can’t pay their bills.
“We haven’t seen anything like this,” she told ABC News. “Consumer confidence is at its highest point. Since the recession, people have been saving up for houses, cars … new furniture and appliances, which often get charged on credit cards.”
In the fourth quarter of 2017 alone, consumers added $67.6 billion while the charge-off rate remained at historical lows.
Steve Cortes appeared today on the War Room sharing what this data indicates: Regular Americans are tapped out.
Go paid at the $5 a month level, and we will send you both the PDF and e-Pub versions of “Government” - The Biggest Scam in History… Exposed! and a coupon code for 10% off anything in the Government-Scam.com/Store.
Go paid at the $50 a year level, and we will send you a free paperback edition of Etienne’s book “Government” - The Biggest Scam in History… Exposed! AND a 64GB Liberator flash drive if you live in the US. If you are international, we will give you a $10 credit towards shipping if you agree to pay the remainder.
Support us at the $250 Founding Member Level and get a signed high-resolution hardcover of “Government” + Liberator flash drive + Larken Rose’s The Most Dangerous Superstition + Art of Liberty Foundation Stickers delivered anywhere in the world. Our only option for signed copies besides catching Etienne @ an event