I’m glad my debt is $0 or close to it
I’m glad my debt is $0 or close to it
Archive: https://archive.today/5B0bi
From the post:
>Americans are tapping and swiping their credit cards at a shocking clip. Consumers are combating inflation with a record-setting arsenal of credit card debt — to the tune of $1.18 trillion. That's the second-highest credit card debt total in US history. The only time it's been higher was the final quarter of 2024. While balances dipped slightly in the first quarter of 2025, experts don't expect America's reliance on swiping plastic to ease any time soon. Inflation is projected to climb in the coming months, and the Federal Reserve's interest rates remain elevated — a one-two punch that could drive even more consumers deeper into debt. In some surprising corners of the country, that pressure is already mounting.
Archive: https://archive.today/5B0bi
From the post:
>>Americans are tapping and swiping their credit cards at a shocking clip.
Consumers are combating inflation with a record-setting arsenal of credit card debt — to the tune of $1.18 trillion.
That's the second-highest credit card debt total in US history. The only time it's been higher was the final quarter of 2024.
While balances dipped slightly in the first quarter of 2025, experts don't expect America's reliance on swiping plastic to ease any time soon.
Inflation is projected to climb in the coming months, and the Federal Reserve's interest rates remain elevated — a one-two punch that could drive even more consumers deeper into debt.
In some surprising corners of the country, that pressure is already mounting.