Credit-card debt is soaring

among lower-income and subprime borrowers. It raises questions about whether it could lead to a spiral of unpaid debts if the economy worsens.begin to exceed your income. What do you do? You look for a relief valve through borrowed money,” investor Peter TarrCredit is “a smaller option for liquidity, there ‘just in case’ or to ease some costs. Then its loans / refinancing. Home sales etc,” Tarr noted.

: For spendthrift consumers, a saving grace has been rising wages that, while failing to keep pace with surging inflation, are stillThey’re also bolstered by an unusually strong jobs market that has kept the unemployment rate below 4%, and given job seekers a lot of leverage.

OptionsBagger Soon, they will refinance it with $SOFI or $LC. Or maybe they’ll further expand their credit card debt by getting BNPL loans.

Great reset will just cancel all that debt. No worries.

Bump the kids crying about student loan debt forgiveness. What up with cc debt forgiveness? 😂

Yeah weird how this is happening during the greatest economy in history huh?

Christ, that's about 3,000 bucks for every American just for credit cards. As Will Rogers said, we spend money we don't have for things we don't need to impress people we don't like. SPECIAL HOMEWORK ASSIGNMENT FOR YOUNGER READERS: Who was Will Rogers?

if inflation is kicking your butt,why not stop spending.everyone is angry abt food prices, change your diet/eating habits. gas prices?evaluate how&why you consume gas.this incessant whining abt hardships related to personal choices is ridiculous. grow up

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