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re: A record 36% of U.S. adults now have more credit card debt than savings.

Posted on 2/28/23 at 4:11 pm to
Posted by NPComb
Member since Jan 2019
28502 posts
Posted on 2/28/23 at 4:11 pm to
Tack on an extra $200K / per person for national debt owed.
Posted by Deplorableinohio
Member since Dec 2018
7929 posts
Posted on 2/28/23 at 4:13 pm to
Stolen elections have catastrophic consequences.



FYI. I only had to start typing stolen, the rest just followed. Everyone knows.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41114 posts
Posted on 2/28/23 at 4:15 pm to
None of these articles mention that outstanding CC debt is DOWN in real terms since the beginning of the pandemic.

Outstanding CC debt is up 6.4 percent since EOY 2019. Inflation is 16.4% in that timeframe.

That information isn’t as spicy though
This post was edited on 2/28/23 at 4:24 pm
Posted by notiger1997
Metairie
Member since May 2009
61723 posts
Posted on 2/28/23 at 4:20 pm to
quote:

Stolen elections have catastrophic consequences.


That’s cool, but what does that have to do with idiots who can’t manage their finances and have to live a lifestyle they can’t afford?
Posted by Gorilla Ball
Az via La
Member since Feb 2006
13259 posts
Posted on 2/28/23 at 4:21 pm to
I think the supreme will be hearing arguments by sometime this summer - thank goodness
Posted by BHTiger
Charleston
Member since Dec 2017
9275 posts
Posted on 2/28/23 at 4:33 pm to
quote:

Never in my life have I carried a balance. Blows my mind that people think this is normal outside of emergencies that come up


Gotta have the latest and greatest. Brand new phone very year, nails and hair done every week, Starbucks daily and the kids need the newest for school and sports.

When the bottom falls out people that have been responsible are going to get crushed as well so at this point does it matter? That makes me sad and pisses me off at the same time.
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17962 posts
Posted on 2/28/23 at 4:35 pm to
Not me buddy. Not even close.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139486 posts
Posted on 2/28/23 at 4:36 pm to
Collapse is coming. Anyone with cash is going to be okay.
Posted by Nawlens Gator
louisiana
Member since Sep 2005
5960 posts
Posted on 2/28/23 at 4:37 pm to


Never in my life have I carried a balance.

Posted by JoePepitone
Waffle House #1494
Member since Feb 2014
12056 posts
Posted on 2/28/23 at 4:44 pm to
I have a nice stockpile of cash along with some gold and silver bullion. I keep a small credit balance on my CCs.
Posted by LewDawg
Member since May 2009
77517 posts
Posted on 2/28/23 at 4:48 pm to
quote:

Those points tho
I love it! I use my credit card for everything that I can. I just pay the balance off every month like a normal person. Cashback goes right into savings.
Posted by notiger1997
Metairie
Member since May 2009
61723 posts
Posted on 2/28/23 at 4:51 pm to
quote:

I keep a small credit balance on my CCs.


What/why?
Posted by 777Tiger
Member since Mar 2011
92329 posts
Posted on 2/28/23 at 4:54 pm to
quote:

I am proud to report I am not in the statistic


same here brawther, frick the points, I hate paying interest now the wife loves the points racket and rakuten and all the other scams but her money is her play money
This post was edited on 2/28/23 at 5:03 pm
Posted by JoePepitone
Waffle House #1494
Member since Feb 2014
12056 posts
Posted on 2/28/23 at 5:02 pm to
quote:

What/why?
It’s not much. I just pay a little more when I receive a statement when I owe them a little. Doing it that way I only have to deal with a payment a few times a year instead of every month.
Posted by GreatLakesTiger24
Member since May 2012
60710 posts
Posted on 2/28/23 at 5:03 pm to
quote:

That’s cool, but what does that have to do with idiots who can’t manage their finances and have to live a lifestyle they can’t afford?
the average American had a strong balance sheet and was making great financial decisions before Joe Biden…
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
23937 posts
Posted on 2/28/23 at 5:05 pm to

I’d need to put a couple Bughattis on credit to accomplish that.
Posted by danilo
Member since Nov 2008
25750 posts
Posted on 2/28/23 at 5:09 pm to
quote:

This is up from 27% in 2022 and 21% in 2021

What was it in 2019? Lots paid it down during Lab Leaked China virus. Now going back up
Posted by Crowknowsbest
Member since May 2012
26960 posts
Posted on 2/28/23 at 5:13 pm to
quote:

It’s not much. I just pay a little more when I receive a statement when I owe them a little. Doing it that way I only have to deal with a payment a few times a year instead of every month.

Paying a credit card monthly takes approximately 23 seconds if you’re taking your time.
Posted by GreatLakesTiger24
Member since May 2012
60710 posts
Posted on 2/28/23 at 5:15 pm to
quote:

I think the supreme will be hearing arguments by sometime this summer - thank goodness


Supreme Court seems ready to reject student loan forgiveness - AP
Posted by Kracka
Lafayette, Louisiana
Member since Aug 2004
42367 posts
Posted on 2/28/23 at 5:18 pm to
People simply don't have any discipline when it comes their finances and purchasing. They buy stuff they can't afford. Keeping up with the Jones's, and shite costing way too much. Its a revolving door
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