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Based on credit card balances being at all time highs and more people being behind again, will this make a real difference or just delay the inevitable? Ref: h
by caseysoftware 3y ago
Based on credit card balances being at all time highs and more people being behind again, will this make a real difference or just delay the inevitable?
Ref: https://wjla.com/news/local/loans-credit-debit-card-bank-account-high-intrest-money-federal-reserve-lower-rate-save-money-financing-delinquency-consumers-lower-income-households-stimulus-relief https://wjla.com/news/local/loans-credit-debit-card-bank-acc...
- anonuser123456 3y agoCredit card balances are up in nominal terms even when credit growth hasn’t happened. Throw in income growth and it shouldn’t surprise people that credit card debt is up.
- ThunderSizzle 3y agoThere hasn't been real income growth in the last 3 years. Inflation wiped all of that out, and credit card balances are as high as ever.
- paxys 3y agoIf you are adjusting wage growth for inflation then why not credit card balances as well?