Not to worry, Joe will bail them all out.
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since the first quarter of 2012.www.cnbc.com
Ahhh, Memo's (aka California Burrito). Love that place.
Well she is paid to say what they put in front of her. She could be standing in sh1t and tell you with a strait face you do not smell anything. She has got to be one of the dumbest people I have ever seen in that job in my lifetime though. Sometimes I wonder if whoever keeps her in that job is not trolling us and laughing behind closed doors about it while she really thinks she is amazing at her job.
Or, among the smartest of people. Seriously, "They" have the dems eating out of their hands! It's the sheep that are dumb. Believing everything they tell them.
The people behind her? You bet. Most of them have to be laughing their butt's off behind the scenes at just how easy it is to get this. There is an old joke about the guy who's wife walks in on him with another. Who tells the wife "who you gonna believe, me or your lying eye's?" This has gotten to that point. People on video saying one thing, then stand there and say they never said it and people clap and vote for them. We deserve to have the pain we have coming.
Not a good sign.
Credit card losses are rising at the fastest pace since the Great Financial Crisis
Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.
Lol. We're TOTALLY not in an economic downturn. Everything is perfectly fine. 100% great.
Is this attributed to people wanting to keep living in their current lifestyle, or are they actually having to use credit cards just to survive? Are they planning on just claiming bankruptcy at some point?.Not a good sign.
Credit card losses are rising at the fastest pace since the Great Financial Crisis
Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.
A LOT of people who see the price on things like food, gas, rent, going up and away voted for it and want to tell themselves all is fine. So many of them who were already just making it of course now use credit. To them its nothing to worry about because they figure when they crash someone will just bail them out again. The only way well will see real change is when a LOT of people start to feel a LOT of pain sadly.Not a good sign.
Credit card losses are rising at the fastest pace since the Great Financial Crisis
Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.
Great idea. Many places are now trying to stop rental from running a credit check on people for the same reason. This state went above and beyond what the feds did during the great hoax and let people live rent free for a LONG time. Now those who own that property are being FAR more careful about who they rent too. Of course those who enjoyed not paying rent and finally got their butt pried out of the place are of course shocked to find out only crap holes will rent to them now. So they are screaming for gov to "do something".Hiding medical debt, so you can borrow more. Another great idea from the Biden administration.
Biden administration takes steps to remove medical bills from credit reports
The Biden administration is proposing to remove medical debt completely from consumer credit reports.
Yes, they are thinking that someone else is going to pay. Look how long that is how its been done? Adults have not been forced to live with the poor choices they make for a long time now. Many have been well trained to think that nothing they do will have a negative effect on them.
Go to your local Starbucks and watch the drive through. You'll find the answer to your question there......
