Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here
Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here
Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.
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What I really need right now is yet another article explaining to me how I'm actually better off now than I was a year or two ago, I'm just too stupid or whatever to realize it. Inflation was kicking our ass, and then we had two separate student loans kick in at once, on top of taking on a shitton of debt to take care of some of the broke boomers in our lives.
Have you tried any of the following:
- Stop buying avocado toast
- Pull yourself up by your bootstrap
- Not being poor
/s
Two years ago it was 2021 and a lot of lower wage people hope laid off, so yeah, they are better off now than two years ago
on top of taking on a shitton of debt to take care of some of the broke boomers in our lives
You might consider making some different choices
Well, it's that or let people who never shared in the spoils of that generation's fabulous wealth go homeless, so, in a word: no.
Maybe those broke boomers should have planned for the future.
Maybe they're not the stereotypical rich fuckhead boomer and you should show a little compassion or class solidarity.
Such hostility. You sound like a rich fuckhead who should work on some compassion or class solidarity.
If you think it reads better with hostility, that's your business. My suggested tone for reading it is concern. Unsurprised disappointment also works.