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Title: Yellen calls rising credit card debt the sign of a strong consumer.
Source: [None]
URL Source: https://citizenwatchreport.com/the- ... -trillion-in-credit-card-debt/
Published: Aug 9, 2023
Author: Mike Rivero
Post Date: 2023-08-09 08:19:51 by Horse
Keywords: None
Views: 194
Comments: 1

No, Janet, it means tapped out consumers are sinking further into debt they can't possibly repay.

The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt.

Total mortgage debt is now more than double the 2006…

In the US, interest rates on household items are skyrocketing.

In just 1 year, the average interest rate on credit card debt has gone from 14% to 21%+.

New car loan rates went from 4% to 8% while used car loan rates are at 12%+.

Mortgage rates are at a fresh high of 7.2%, up from 2.7% in 2021.

How can the average person afford any of these items?

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#1. To: Horse (#0)

Every traitor democrat needs to be audited and see where all their funny money is coming from. Anyone with Chinese of communist ties must be immediately removed from office, arrested, tried and if convicted, immediately put to death for treason.

This country was doing pretty well until the first Bush administration, and that’s when big oil started to rape the consumer. I remember buying gas for .59 a gallon. Now, it’s nearly $4.00 a gallon. These politicians we have, for the last 30 years have destroyed our economy, destroyed our liberty, and destroyed the value of being an American Citizen by destroying our culture, our way of life, all of it. Who has been in charge for the last 30 to 40 years?

REMOVE THEM ALL. Every fucking last one of them.

TommyTheMadArtist  posted on  2023-08-09   8:40:41 ET  Reply   Untrace   Trace   Private Reply  

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