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re: Credit card debt up more than 50% in 2023, Bidenomics working
Posted on 2/7/24 at 2:16 pm to Motownsix
Posted on 2/7/24 at 2:16 pm to Motownsix
quote:
So consumer credit card debt is up 3% since pre-Covid levels and household wealth is at an all-time high.
Household wealth is not at an all time high.
The real median household income in the US peaked in 2019 at 78,250. Since then it has been in a steady decline and is now at 74,580.
Between 2016 and 2019 it went from 70,840 to 78,250.
1
Posted on 2/7/24 at 2:22 pm to DaBike
If this economy was so great , why the need to run a $2+ trillion deficit ?
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