In February, consumer debt rose more than 40 billion dollars, a jump of more than 11 percent, the highest it’s been in two decades. As prices rise, more Americans are turning to their credit cards to get by, but experts caution it’s important to make sure your debt doesn’t get out of hand. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#CreditCards #Inflation #Economy #Business
Credit Card Debt Spikes As Inflation Rises
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I guess all of those stimmy checks weren't "free"… you get inflation (hidden tax on the poor), the bankers and politicians get generational wealth.
Baby boomer leaders made a world no one can live in.
I don't use credit cards
That is the reason i avoid credit cards, i am always being paranoid about its interest so i'll just budget what i have and use my savings.
The US version of Squid Game will be brutal
The middle class is getting fleeced because the elites need all that Covid stimulus money back.
Ever wondered why inflation was lower in Europe? It's because Europeans actually have the guts to tax for their spending. Here, we want the big spending but we don't want to pay for it. Inflation is the coward's way to tax.
I guess I'm not part of these statistics. We have access to the same news and information. Some just choose to close their eyes and drive blind. While I've also experienced sharp increases in living costs due to inflation, I took many steps to preemptively mitigate it (refinancing mortgage at 3% back at the end of 2021 to lock in rates AND secure a low mortgage payment for less than the equivalent rent, pay off ALL auto and credit card debts, find safe and reliable ways increase my cash flow passively (extra $600+/week trading stock options), and savings to cover emergencies. This, and I'm not even working anymore due to a disability in 2019. Everyone's situation is different, but one of the things I saw from 2020-2021 was rampant and wasteful spending, especially with stimulus checks. Dogecoin? NFTs? Playstation 5? Crying Michael Jordan Cheeto on Ebay? Not paying rent, but wasting rent money on random, stupid luxury goods during the lock down for a quick happiness high? Yeah. No sympathy for those victim types who were irresponsible. While not everyone has had it easy, I've also seen plenty who took opportunity these last 2 years for granted and are now faced with tough choices. To the first group, I feel your pain. Hang in there and don't give up the good fight. For the second group, shame on you.
BREAKING NEWS: Supply chain disruptions from Chinese zero-covid lockdowns will reverberate and hit us hard soon. Could last 1-3 years! Second, covid-19 isn't gone. It will likely hit us again. Third, the war in Ukraine could escalate and lead to much larger war. Regardless, Ukraine is the breadbasket of Europe, so expect continuing inflation from sanctions, rising energy costs, and food supply disruptions to make 2020-2021 look like a joke. Best to be prepared now, than play victim later and claim you didn't know. Well, now you know. You just didn't act.
People need a stimulus check to survive the Biden economy.
Women have no self control. They are all in massive debt…men…not at all.
On March 27, 2020 Trump signed the $3.1 Trillion Corona virus Aid and Relief Economic Security (Act). The C.A.R.E.S. Act. All of it was printed paper or fiat money. President Biden signed the $1.9 Trillion Economic Recovery Stimulus Act in 2021. Again, all was printed paper fiat money. And lets not forget that both Republicans and Democrats in Congress both approved these bills before that were signed into law. A total of $5 Trillion of fiat money, in a year, pumped into the economy to get the US trough the worst of the pandemic. So… Trump is responsible for approximately 62% of our current inflation, and Biden approximately 38%. All the non fiat money price increase occurring since then are the result of supply and demand issues mostly, but not entirely, brought on by the pandemic. The lack of smooth predictable distribution of goods due to the truck driver shortage (long in the making before the pandemic) are supply and demand related, NOT inflation related. Separate Inflation (the devaluation of the dollar by printing unearned money) from price increases due to supply and demand. Also, the current threat of invasion of Ukraine by Russia (Russia being the second largest producer of oil in the world) and related possible sanctions of Russia, are responsible for the some of the increase in gas pump prices. If Russia invades Ukraine expect $5+ gasoline. Freedom isn’t free now is it?
it will be interesting to see if people start relying on credit to pay monthly mortgage payments and other debt.
Lol I bet everyone voted for Brendon 😆
This is what happens when you vote Democrats into office. Joe Biden is worse than Jimmy Carter
Bidenflation
Protest outside Oil company CEO's houses and treat them and their family members as if they were US vote officials.
Photos of Russian oligarchs and their yachts are shown in the media. Where are the photos of European and American Oil executives?
Naive Americans allow Greg Abbott to disrupt supply chains to increase inflation.
☝️☝️Thanks ☝️☝️☝️for the working $5k CC and CLONE CARDS ♣️ you are the real VENDOR I ever deal with in my life🤝💯
☝️☝️Thanks ☝️☝️☝️for the working $5k CC and CLONE CARDS ♣️ you are the real VENDOR I ever deal with in my life🤝💯
I believe < that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Derek Ross has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 11 BTC lately. You can reach Derek on ͲeIєɠɾαm👉DerekRoss
heres my strategy on how to live 100% credit card debt free:
step 1: get rid of your credit card, you dont need it
step 2: do all your transactions in cash
step 3: there is no step 3, because thats how easy it is
Utopia is possible if humans weren’t greedy and violent
2022 is the year of unpaid credit
It's Putin's fault!!!!!!!
“Credit cards spike, and cause inflation” nothing you’ll be able to do about your global debt.
Getting clone cards 👆👆👆from this vendor really change my perspective about vendors online he’s a trustworthy and legitimate 💯……….
Getting clone cards 👆👆👆from this vendor really change my perspective about vendors online he’s a trustworthy and legitimate 💯……….
Just wait until taxes start to increase.
Business nationwide.
Not mine. I pay 0 interest. They hate me. I’m sure that will be the next thing dems want to pay off for the “irresponsible” , which are the majority of these. 🤔🇺🇸
You can make your credit card work for you. CR is a credit service that gives you the best credit services that you require, visit them and get in touch with a representative who'd tell you how you can get your credit card(s) to work for you instead of leaving them untasked. Very easy steps to follow, as long as you're willing to make your cards work for you. Getting credit cards can be easy but can you get the best out of those services so you can always pay them off. That's where CR comes in, they help you make your card(s) work for you and pay off the debts in due time now that's a great strategy to utilize your credits. Get knowledge now on how to make your card work for you in no time.
Now, 10 eggs = $17 🗿
Some don't realize that from January to May many workers/employees in Retail and Service jobs are getting less hours per week plus inflatable, it forces us to use up savings and use cards more than in the summer season. Inflammation is in everything including car insurance, not just food and gas.
Can't be single in this world. You need two incomes.
I use a credit card that earns points and get a $20 gift card every 6 months. I spend about $300 a month and pay it off before 55 days. I think that's pretty nifty.
Just as planned.
Blame your leader