Those numbers don't cover the inflation rate... actually if you adjust for inflation, everything is down.
Those numbers don't cover the inflation rate... actually if you adjust for inflation, everything is down.
You would think if things were this bad, prices would come down on cars/housing (no supply I guess).
According to a report from the Federal Reserve Bank of New York, American's collective credit card debt has reached $1.08 trillion
Interest rates are 30% on a lot of cards it seems.
According to a report from the Federal Reserve Bank of New York, American's collective credit card debt has reached $1.08 trillion
- Nearly 50% of cardholders carry debt from month-to-month, up from 39% in 2021.
Interest rates are 30% on a lot of cards it seems.
Folks slowing to look at a burning wolf?
The cost of housing has people that work full time jobs for low wages doing what they must to survive. The ones living off credit cards they still can qualify to get have not hit hard times yet. Cut food stamps and welfare programs and people will start to eat the rich to survive.
They will pull out all stops to keep the crash from happening before the election. Will only serve to make it worse when it comes. The failure of the dollar has become an inevitability.
Does the record spending report account for inflation? **** cost 20% more so technically it's down 12.5% just buying the same amount. I know there is a lot more and my statement is oversimplified but it's just a point to consider.
Just continue to stock extra food and water when you can.
The farther out on the limb you go the risk of breaking and crashing down increases. The further up the tree you climb the longer and harder the fall. I think most Americans are near the top of a tall tree and they are more than half way out on the end of the branch. I think there will be sudden “event“ that breaks the limb and it will be this winter or spring.
