Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • Asafum@feddit.nl
    12·
    11 months ago

    Not that I support everything about her, but Elizabeth Warren literally wrote the book on our 2 income problem.

    Society tracks “family income” and for a gigantic portion of history that was one income, then in the 60s-70s women started entering the workforce in larger numbers (in the US, not sure about globally) and we see family income “rising” so we think “great, we’re growing! We’re doing well!” Except that it only grew because of an additional income.

    Now we’re at the point you’ve mentioned where that isn’t even enough anymore especially when the vast majority of jobs seem to offer around 50-60k unless you’re a specific professional/tech bro.

    I’m a perpetually single blue collar schmuck, I’ve completely given up on the idea of homeownership, and am very very quickly realizing my retirement plan has to be a shotgun to the head.

    What a wonderful future we have to look forward to.

    And I’ll just add this so no one has to later: GlObAlLy We’Re BeTtEr ThAn EvEr! Because you know, that totally helps…