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Author: EchotaSheeple   😊 😞
Number: of 3962 
Subject: Update: Harris DEBT crisis
Date: 08/09/2024 10:53 AM
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Maybe she's a greedy loan shark banker. There's a word for that. Ask many in the world. OR ask Democrat President Biden - he knows what it is and has used the term. But anyways.....

https://www.cnbc.com/2024/08/08/credit-card-debt-a...

"Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says"

"Collectively, Americans owe $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday.
The average credit card balance is now $6,329, a new report by TransUnion found.
As consumers lean on credit cards, more borrowers are also falling behind on their payments, both reports show. :


So people pay the Woke Greedy Banks 20-30% interest so that they can buy stuff. And White Club 401K'ers can come here and brag about "The S and P 500!" and corporate profits they love so much on the banks of ripped off consumers and exploited workers.


If you want to be a Rich Greedy Corporatist Republican - be a Liberal.


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Author: Dope1   😊 😞
Number: of 3962 
Subject: Re: Update: Harris DEBT crisis
Date: 08/09/2024 11:30 AM
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Wife and I were wondering how long before consumers would finally tap out their credit cards and pull back on spending. Looks like very soon.

The double whammy here is that credit card rates are sky-high right now, so those interest payments are going to really eat into what consumers are able to buy going forward.
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