Record High for credit card dept
Record Low for savings rate
They will never be able to solve this debt. Just take a look at the "Commercial Bank interest Rate on credit Cards"
More Charts that sharpens the critical View on the debts:
pull down to refresh
It's true for monthly mortgage payments, too, although average mortgage size is down slightly.
People are getting stretched pretty thin, it seems.
Reminds me of this meme:
https://m.stacker.news/30030
But yes,
It is pretty obvious that the saving possibilities of the middle class are melting faster then ever... More and more stats showing this issue
stripper index?
https://m.stacker.news/30056
Yes you are eight. It is definitely nothing.
This is probably why we don't have near the same excitement from 2021... everyone is broke.