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Americans are piling up credit card debt – and it could prove very costly

• chiefalchemist 4y ago
  For decades now, pay has not kept place with inflation. This is simply another sign pattern persists. Costly isn't consumer debt. Costly is The Fed running wild. There's only spit and scotch tape you can slap on a wonky economy before sociopolitical "stuff" starts leaking through the cracks. I wish there was less focus on symptoms and more truth and transparency on the fundamental root problems.
  • missedthecue 4y ago
    All quartiles of US earners, including the bottom quartile, earn more than they did several decades ago, adjusted for inflation. https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html https://www.census.gov/data/tables/time-series/demo/income-p...
    • chiefalchemist 4y ago
      Forgive me I should have said "cost of living". Having to pile on debt is not, per the article, healthy. There's gotta be a good reason for that.