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:
88 sats \ 3 replies \ @Undisciplined 8 May
It's true for monthly mortgage payments, too, although average mortgage size is down slightly.
https://m.stacker.news/30011https://fred.stlouisfed.org/graph/fredgraph.png?g=1npGi
People are getting stretched pretty thin, it seems.
reply
21 sats \ 2 replies \ @Bitcoin_Bootcamp OP 8 May
Reminds me of this meme:
https://m.stacker.news/30030
reply
69 sats \ 1 reply \ @Bitcoin_Bootcamp OP 8 May
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
- lottery participation increasing
- same for casinos
- people are getting more and more extremist in their opinions
- protests increasing
- mental health issues and suicides increasing
- 2nd job rates increasing
- etc etc til infinity
reply
0 sats \ 0 replies \ @gmd 8 May
stripper index?
reply
0 sats \ 0 replies \ @Coinsreporter 8 May
https://m.stacker.news/30056
reply
0 sats \ 0 replies \ @BitcoinAbhi 8 May
Yes you are eight. It is definitely nothing.
reply
0 sats \ 0 replies \ @gmd 8 May
This is probably why we don't have near the same excitement from 2021... everyone is broke.
reply