U.S. credit card debt hit a record $930 billion, with younger Americans having the highest delinquency rate. Editor-in-Chief at Investopedia, Caleb Silver, explains why credit debt is at an all-time high and breaks down tips on how to pay off your debt.
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#CreditCards #PersonalFinance #Debt
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america has become a childish nation of government dependent goons.
I read about a certain Schommer, U.S Army. the likes of Josh Scandel. He got a Bronze Star Medal for exceptionally distinguished service during Operation Iraqi Freedom. His Iraq experience helps him now in dealing with the grind of daily volatility in tough stock markets — and those big gulp moments.
“We shop like it’s our job in this country” I like that. Never heard of that before. It is so true!
The problem is money in politics there once where usury laws to protect people thank the Supreme Court for changing the circumstances in 1978 to favor banks and big business
Thanks Lord for your salvation
Thanks Lord for your peace
Thanks Lord nearly debt free
Thanks Lord for the lockdown 😛
I wonder why everyone is in debt? Oh right it's because of bidenomics. His economy is killing us.
I refuse to go in to debt! I’m not going to pay my hard earned paycheck to these unscrupulous companies and banks. Count me out! I get to keep my money or save it and spend it consciously. I like it that way.
I'm so guilty of this….I went on vacation to Mexico this summer and racked up $6,000 for an all inclusive vacation at a beautiful resort with my family and I'm still paying it off. To make matters worse I'm going oj vacation again this January for my anniversary and put in an extra 2,000 dollars dor another carribean resort vacation….I starting to get a little nervous now since I'm paying 25% interest on the cards. On top of that we have Christmas and birthday party expenses I still have to put in in the card….this is getting overwhelming…😔
this is insane !!!! i use my credit cards every single day and just pay them off at the end of the month
USA $40T world $200T Monopoly funny $ credit $Ts 0-50% apr loan sharks banks legal mob family
Hmmm I wonder why. My ol friend – Hyper Inflation and his ugly wretch of a wife named Lagging Wages.
Meanwhile the CC companies love this, they get to charge even more interest rates.
Because we don't have emotional aspects in Western society. It's all just consumerism.
And the guys issuing credit cards know this.
I put every purchase on my credit card and pay it off every week or two.
America is trillions of dollars in Debt and keep spending…. If the country’s treasury can’t be put in check what makes you think it’s citizens can put their spending in check?!?!
Credit card have always been a scam, it is just imploding.
People are flying and cruising everywhere , buying expensive cars and eating at expensive restaurants.
Unsecured debt. Sure, it can crater your fico score, but you can default and just lose the use of credit.
Inflation raises spending but it also deflates the real debt load. After adjusted for inflation, the current credit card balance is hardly any higher than 2021.
How can that be? Bidenomics are working aren’t they?? 😜