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Credit card debt hits $1T for the first time ever
www.foxbusiness.com/economy/credit-card-debt-hits-1-trillion-first-time-ever
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@sancristrader
9 Aug 2023
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@eggos
10 Aug 2023
WE STILL EARLY THOUGH...?
WHEN WILL IT BE LATE?
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@nullama
10 Aug 2023
This is incredible, really.
Banks and financial institutions now have an incredible asset in their hands, $1T of debt at incredibly high interest rates,
around 20%
!
The whole marketcap of Bitcoin is about half of this.
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@jtwoodhouse
10 Aug 2023
That's it? One trillion is only about $3,000 for every American man, woman, and child. Those are rookie numbers.
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WE STILL EARLY THOUGH...?
WHEN WILL IT BE LATE?