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Posted on 8/2/22 at 1:05 pm to Jjdoc
I had been predicting GDP for Q2 would be ~-2%. I hadn't counted on so many people attempting to cling to their lifestyles by so heavily maxing their cards out.
I have to wonder what the credit card industry will look like in 6 months with people trying to defray their card debt by transferring everything to cards with no interest for n amount of days. That's a game that can last only so long...
I have to wonder what the credit card industry will look like in 6 months with people trying to defray their card debt by transferring everything to cards with no interest for n amount of days. That's a game that can last only so long...
Posted on 8/2/22 at 1:06 pm to Tigersonfire
quote:
selfish liberal.
Brother I'm not a 'liberal'. I just realize that not every single thing is Joe Biden's fault just like when Trump was President not every single thing was his fault that the Dems complained about.
Joe Biden has no bearing on me choosing to use my credit card just like he has no bearing on me choosing to go and buy a 12 pack of beer and drink it all at one sitting. That is a choice.
Posted on 8/2/22 at 1:06 pm to ronricks
quote:
've been through this before
I imagine your mom might have... you, highly doubtful...
BTW, I have been around since Carter and we are headed in a significantly worse direction at this point...
quote:
Doesn't sound like many by the way you are acting.
Probably more than you and I have owned businesses and actually created jobs for idiots like you as well...
quote:
Do you understand this?
Credit Card DEBT has increased significantly... This is/was the point of this thread until you came in here with the "I live within my means" mantra...
I really feel sorry for you kid....
Posted on 8/2/22 at 1:09 pm to Jjdoc
People in general are spoiled. I see so many lower income folks blow money on wants, and expect uncle Sam and family to take care of the needs. Also see many that earn a decent living, living paycheck to paycheck.
Posted on 8/2/22 at 1:10 pm to Jjdoc
I believe it
Everyone complains how expensive everything is yet can somehow afford to take the family to 30A for a week or Disney
$10,000 trips.
People are maxing out cards I think
Everyone complains how expensive everything is yet can somehow afford to take the family to 30A for a week or Disney
$10,000 trips.
People are maxing out cards I think
Posted on 8/2/22 at 1:13 pm to The Maj
quote:
BTW, I have been around since Carter and we are headed in a significantly worse direction at this point...
Yeah there is no way you were an adult in those times. Interest rates were well over double what they are now and you are panicking like a 13 year old girl.
quote:
Probably more than you and I have owned businesses and actually created jobs for idiots like you as well...
A business owner wouldn't panic like you are. Unless he is very young and hasn't experienced this before....
quote:
Credit Card DEBT has increased significantly... This is/was the point of this thread until you came in here with the "I live within my means" mantra...
I really feel sorry for you kid....
which brings me to the last point there is no way you are as old as you are claiming. None. You are in downright meltdown mode and blaming a president for irresponsible people running up debt. That's insane. Listen to yourself. You sound like the unhinged Libs who sky screamed under Trump for 4 years over every little thing. Get a grip man! This too shall pass.
Posted on 8/2/22 at 1:18 pm to ronricks
quote:
A 'stolen election' has no bearing on any of this.
You are full of shite.
The economy is due to this administration actions.
It is forcing people to use credit to purchase some everyday items.
Posted on 8/2/22 at 1:19 pm to Rebel
quote:
Why is CC debt rising so much now?
CC debt is rising so much because people are slow to learn and change. Inflation has now filtered out to the rest of the economy after having run rampant in home sales for years and cars (both new and used) for the last year or so. Consumers have been hoping Yellen was right about this inflation being "transitory" so they could continue living their lifestyles.
Don't get me wrong, Biden's economic policies have made a mountain out of a molehill, but people running up their credit cards in an attempt to not have to change their lifestyles is largely on the individual for getting into overpriced homes and vehicles (as well as for voting for Biden) in the first place.
Posted on 8/2/22 at 1:21 pm to Cromulent
quote:
noticed you talk down to people in your posts. Constantly. Nothing but a selfish, narcissistic asshat.
Yep. A Nancy Pelosi type.... as he eats his steak.... he can't understand why people can't afford $25 per pound ribeye
Condescending prick
Posted on 8/2/22 at 1:21 pm to Jjdoc
quote:
It is forcing people to use credit to purchase some everyday items.
No, it's not. People are making the choice to do these things to keep living their lifestyle that they really can't/couldn't afford to begin with. The chickens are just now coming home to roost. All the free money has dried up.
This post was edited on 8/2/22 at 1:23 pm
Posted on 8/2/22 at 1:22 pm to Bard
quote:
Don't get me wrong, Biden's economic policies have made a mountain out of a molehill, but people running up their credit cards in an attempt to not have to change their lifestyles is largely on the individual for getting into overpriced homes and vehicles (as well as for voting for Biden) in the first place.
This will fall on deaf ears. They will have none of it.
Posted on 8/2/22 at 1:23 pm to ronricks
quote:
The "trolls" are the ones trying to blame Joe Biden or a 'stolen election' for people not being able to live within their means or control their credit card usage. If you can't afford steak don't buy it. How fricking stupid are you?
Typical rino a-hole.
Posted on 8/2/22 at 1:23 pm to ronricks
Ok kid…. You win…. I have no desire to continue to beat up on a retard that thinks the economy revolves around their financial status…
Also, you are now number 1 dumbest in my book….
Also, you are now number 1 dumbest in my book….
Posted on 8/2/22 at 1:26 pm to ronricks
quote:
I don't have any credit card debt. How is a 'stolen' election impacting my credit card usage?
I'll fill you in.
Our family practice is next to a high risk loan company. After shooting the shite with their manager after work he told me and my father we'd be surprised at the amount of people taking out high interest loans to pay their power bills.
I'll let you connect the dots on how energy prices have skyrocketed and our dollar has been devalued.
Posted on 8/2/22 at 1:31 pm to ronricks
quote:
Joe Biden has no bearing on me choosing to use my credit card just like he has no bearing on me choosing to go and buy a 12 pack of beer and drink it all at one sitting. That is a choice.
Joe bidens policies and the dems spending cause inflation. People that were loving within their means now cannot because gas has more Tham doubled and groceries have gone up (iny experience) about 40%
Posted on 8/2/22 at 1:36 pm to ronricks
quote:
I just live within my means. It's not hard. I'm not entitled to shite.
Limousine Liberal mindset. Just because you claim to be doing fine (which is great if you’re being honest) doesn’t mean those with less aren’t actively being fricked over by a government that is doing everything in their power to cripple this economy and get people onto welfare. Soaring credit card debt has the ability to destroy families in the long run.
Posted on 8/2/22 at 1:36 pm to Jjdoc
Historically consumer debt isn’t that high in relation to income. The number of car loans underneath is the big one along with fact they simply won’t control private/public education debt for fear of pissing off unions. At least on the car loans there is an (over valued) asset to reclaim.
Repo companies fixing to eat.
This post was edited on 8/2/22 at 1:38 pm
Posted on 8/2/22 at 1:40 pm to ronricks
quote:
Brother I'm not a 'liberal'.
No one here is, bro. Posted on 8/2/22 at 1:43 pm to ronricks
I agree with you here. You would have done well to lead off with that instead of pretending to not see the connection between the election and credit card use. But yes, you hit the nail in the head that people need to adjust. Unfortunately, it's not easy for everybody. But that is their fault if they had themselves fully extended before the recession.
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