In the months since the coronavirus pandemic hit and sent millions of Americans to shelter at home, consumers'released Thursday from the Federal Reserve Bank of New York, the second quarter of 2020 saw a staggering $82 billion decline in
credit card balances. Second-quarter declines in card balances, in general, have only been seen during the Great Recession, and a drop this big in the second quarter of the year hasn't happened since at least two decades ago, the report says.
Don't spend what you can't pay back.
Getting ready to be a historic increase as well.
Hmm. Not spending money on gas driving to work. Not eating out. No bars open to spend money. And not spending money on travel. Well that is my entire budget.
Go figure, when the working class gets extra money, they act responsibly!!
That's good news..
Paying it off with the extra $600 per week unemployment. But that’s over now thanks to Dems
Bc we ain't got no monies
No rent. No entertainment. Pay Bill's. Wah La.
And when the economy opens they will run their debt back up. Shame.
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