4 ms·

Credit card debt is extremely high right now and subprime loan defaults are rising fast. In essence, a lot of people are tapped out.

• djbusby 4y ago
  Credit Card report https://www.newyorkfed.org/microeconomics/hhdc https://www.newyorkfed.org/microeconomics/hhdc New all time high
  • heartbreak 4y ago
    The relevancy of a report from February 2020 is…not great.
    • djbusby 4y ago
      My bad, wrong link, I've updated.
      • ac29 4y ago
        Your current link says "Credit card balances declined by $15 billion"
        • shrikant 4y ago
          > "Credit card balances declined by $15 billion, in line with seasonal trends typically seen at the start of the year, but are still $71 billion higher than in 2021:Q1, representing a substantial year-over-year increase."