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.

  • NathanielThomas@lemmy.world
    191·
    1 year ago

    Undesirable? The system is working as designed. The world is $59 trillion in debt to ITSELF. Which makes no sense.

    • quicksand@lemm.ee
      2·
      1 year ago

      Stop making points, but you’re totally right… How I look at it at this point is it’s like gangs… ya I know I owe you 30 trillion, but I’m giving you hundreds of billions a year. And I have more muscle than you. So why would you try to collect when I can kick your ass and you still get enough to pay your debts without conflict… I want someone to correct me, because Ive spent a lot of time trying to understand more nuance to this situation

      Edit: I realize I’ve missed some punctuation. If you’re confused, just ask