Total credit card debt having just hit a record $1.1 trillion, up $363B since 2021. That's $7.3B a month. Buy Now, Pay Later schemes, projected at $117B this year, aren’t even counted.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 6 days ago

limer@lemmy.ml · 6 days ago

This is an indicator of people becoming poorer

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 6 days ago

Exactly, people are going into debt cause wages aren’t keeping up with inflation.

limer@lemmy.ml · 6 days ago

It seems to track the increases of the cost of living. A cost that cannot be paid so easily

ToastedRavioli@midwest.social · 6 days ago

People are broke and cant afford to survive.

In other news, water is wet, and the sky is still blue

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