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re: Credit card and car loan defaults hit 10-year high

Posted on 9/7/23 at 6:19 am to
Posted by Koach K
Member since Nov 2016
4782 posts
Posted on 9/7/23 at 6:19 am to
The lucky ones will be blowing people in an alley to survive before this is all over. The lucky ones.
Posted by Junky
Louisiana
Member since Oct 2005
9035 posts
Posted on 9/7/23 at 6:54 am to
quote:

25% inflation from pre-Covid finna eat


Fify
Posted by TIGRLEE
Northeast Louisiana
Member since Nov 2009
31493 posts
Posted on 9/7/23 at 6:58 am to
This problem didn’t just start couple years ago
Posted by notiger1997
Metairie
Member since May 2009
61227 posts
Posted on 9/7/23 at 7:01 am to
quote:

The lucky ones will be blowing people in an alley


SuperSaint?
Posted by stout
Porte du Lafitte
Member since Sep 2006
178920 posts
Posted on 9/7/23 at 7:24 am to
quote:

SuperSaint?



He used to do that for a dime bag
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 9/7/23 at 7:25 am to
are we not always at a 10 year high?
This post was edited on 9/7/23 at 7:26 am
Posted by BigPerm30
Member since Aug 2011
30678 posts
Posted on 9/7/23 at 7:27 am to
I do not feel bad for these low life’s. They aren’t buying Ramon noodles and driving $8k used cars. These frickers are living high on the hog for the most part.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
71753 posts
Posted on 9/7/23 at 7:29 am to
quote:

Inflation-squeezed Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis – and the struggle to pay their bills is poised to get worse as interest rates rise and the moratorium on student loans expires.

Low- and middle-income earners have been especially hit hard by soaring prices on everything from rent, groceries, and new and used cars despite the Federal Reserve’s attempts to tamp down stubbornly-high inflation.


Posted by Klark Kent
Houston via BR
Member since Jan 2008
72701 posts
Posted on 9/7/23 at 7:29 am to
quote:

SuperSaint?


no way. he’s still riding high on buying that AB stock dip. Same for Oweo.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
33577 posts
Posted on 9/7/23 at 7:33 am to
quote:

Their means just a few years ago went further than it does now that just about every consumable good has seemed to double in price



A lot of folks were teetering on the edge and inflation has pushed them over
Posted by LSUtoBOOT
Member since Aug 2012
18920 posts
Posted on 9/7/23 at 7:36 am to
“We got this.” Joe Biden

Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
6875 posts
Posted on 9/7/23 at 8:10 am to
quote:

I do not feel bad for these low life’s. They aren’t buying Ramon noodles and driving $8k used cars. These frickers are living high on the hog for the most part.



I'm ready for their chickens to come home to roost. I've been living frugally for the most part and want a new truck but I'll be damned if I'm going to get screwed on interest and purchase price. I also want to build a shop but again, I'm not financing that crap and paying an assload.
Posted by Shexter
Prairieville
Member since Feb 2014
18919 posts
Posted on 9/7/23 at 8:29 am to
quote:

DC has told people inflation is not as bad as they think, and temporary


DC is full of crap. This whole thing has just been an excuse to increase prices on an insane level. Big businesses are seeing increases in profit while the working man is taking the hit.

Posted by RedHawk
Baton Rouge
Member since Aug 2007
9511 posts
Posted on 9/7/23 at 8:54 am to
quote:

I do not feel bad for these low life’s. They aren’t buying Ramon noodles and driving $8k used cars. These frickers are living high on the hog for the most part.


Nope, It's Biden's fault. He made these people all live above their means.
Posted by CaptSpaulding
Member since Feb 2012
6944 posts
Posted on 9/7/23 at 9:15 am to
quote:

The lucky ones will be blowing people in an alley to survive before this is all over. The lucky ones.


It’s been a while since I’ve played out this scenario in my head, but you’re saying the one giving the BJ is the lucky one?
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