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> Household debt is at an all time high That's because people have more money than ever so they're using credit cards more. It's also partly due to inflation.
by astrange 2y ago
> Household debt is at an all time high
That's because people have more money than ever so they're using credit cards more. It's also partly due to inflation. Household debt-to-income ratios are not high.
> evictions and utility disconnections are skyrocketing
I don't believe this is true.
> Hunger in the US is soaring too.
This is true, but it's because the extended child tax credit from 2020 expired - so we can fix it anytime we want.
- autoexec 2y ago> I don't believe this is true. The evidence isn't hard to find. examples: https://finance.yahoo.com/news/whos-getting-evicted-america-data-103000833.html https://finance.yahoo.com/news/whos-getting-evicted-america-... https://finance.yahoo.com/news/home-foreclosures-highest-level-since-214849310.html https://finance.yahoo.com/news/home-foreclosures-highest-lev... https://www.npr.org/2023/06/21/1183408490/evictions-are-increasing-dramatically-since-the-lifting-of-pandemic-era-protecti https://www.npr.org/2023/06/21/1183408490/evictions-are-incr... https://denverite.com/2024/09/12/denver-eviction-cases-increase-2024/ https://denverite.com/2024/09/12/denver-eviction-cases-incre... https://www.azfamily.com/2023/11/02/maricopa-county-breaks-2005-record-eviction-filings/ https://www.azfamily.com/2023/11/02/maricopa-county-breaks-2... https://apnews.com/article/homelessness-increase-rent-hud-covid-60bd88687e1aef1b02d25425798bd3b1 https://apnews.com/article/homelessness-increase-rent-hud-co... As for utilities things would be even worse except for states working to prevent disconnections during heat waves https://www.power-grid.com/customer-service/customer-shutoffs-rose-last-year-so-did-utility-ceo-pay/ https://www.power-grid.com/customer-service/customer-shutoff... https://cordcuttersnews.com/1-in-5-u-s-households-struggle-to-pay-rising-utility-costs-heres-how-cord-cutting-can-help/ https://cordcuttersnews.com/1-in-5-u-s-households-struggle-t... https://www.opb.org/article/2024/05/31/oregon-electric-utilities-gas-service-heat-electricity/ https://www.opb.org/article/2024/05/31/oregon-electric-utili... https://energyjustice.indiana.edu/our-work/_news/20240822-behind-on-electric-bills-a-spike-in-disconnections-has-the-state-seeking-solutions.html https://energyjustice.indiana.edu/our-work/_news/20240822-be...