Credit card delinquencies surged in 2023, indicating 'financial stress,' New York Fed says
Debt that has transitioned into "serious delinquency," or 90 days or more past due, increased across the board during the year,
Ya Boy, Those bidenomics Though..........
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I posted something about this in Nov. got the usual poo-poo crap.Credit card delinquencies surged in 2023, indicating 'financial stress,' New York Fed says
Debt that has transitioned into "serious delinquency," or 90 days or more past due, increased across the board during the year,www.cnbc.com
What does this have to do with POTUS or his policies? Personal finances have nothing to do with politics. If people are spending beyond their means on credit then the problem is their own.
But it will surprise no one on this board that OP found some bad economic reports amongst all the good economic reports and it happy to come here and post about it.
But it will surprise no one on this board that OP found some bad economic reports amongst all the good economic reports and it happy to come here and post about it.
No, just the economy is doing great and just because I'm in an industry that requires numbers on sales, so I guess I have no idea what I'm talking about. My job literally requires me to travel to 48 states looking at dealer's numbers and formulating plans to help increase revenue. But I have no idea what I'm talking about. I saw the numbers trending to CC debt back this summer. Numbers don't lie, unless it's against the political party that is in control. Mortgages are next. Those national numbers aren't good either.
If people are spending money, but don't actually have the money that they are spending, is the economy really doing well?
It's called spending. When you borrow and print money faster than paying off debt, it causes the mess we're in. I don't blame all of it on Biden, Trump spent like crazy too. The purse strings are also controlled by congress, and they've done nothing to slow it. The only thing I put on Biden is he's done nothing to encourage the slowing of spending, he has actually asked for more.
I was being sarcastic! lol It feels like a house of cards, doesn't it > https://www.usdebtclock.org/ while genocide jo sits on his thumbs and tries to trick the American people into believing he has any interest at all to stop rolling up debt and importing ILLEGALS by the millions.
Great question. I assume each situation is different. I just know a lot of friends use their credit cards to buy things they don't want to save up for then complain about the monthly payments and interest they are charged.
If a family is using a card to buy food and keep the lights on that is one thing, if its someone else who wants to "buy now and pay later" because they want a new TV, Xbox or fancy vacation then that is a different problem of financial discipline. This number probably reflects a little bit of both.
Because that's how far they have to dig to be able to find something to gripe about. One thing is for sure, it's a lot easier to find issues with the economy when you are a Democrat and a Republican is in power than it is for a Republican when a Democrat is in power.
Borrow more. Pass more Green New Deals. That's the plan of both parties anymore.
"Dig?" It's breaking news on a major financial news source! 🤣 🤡 It's hilarious how financially illiterate most of the posters here are.
Yeah, that's how far your "major financial news source" had to dig. I wouldn't expect you to do any of your own conclusions if they bit you in the ass.
My portfolio is soaring. Maybe if OP wasn't a poor who's pissed off McDonald's won't bump his minimum wage up, he wouldn't be so up in arms all the time.
AND…is it “the govedrnment’s” fault its people are irresponsible and reckless financially? Are you all suggesting more work houses and debtor prisons As the solution here?
in bidens first 100 days he did a bunch of executive orders that caused gasoline to skyrocket and inflation to go through the roof. he did that.
If your pals are paying/carrying CC rates for things like that they have to be dumber than you:
That makes about as much sense as trying to nail Jell-O to a tree.
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Never tried that, but I can only imagination your frustration after about your 30th try........
2 things:
1) Haven't had a CC since 2008
2) My friends are free to manage their finances how they see fit, regardless if I agree or not.
...it's not like we just legalized a bunch of institutionalized gambling apps anytime recently...
One HUGE difference is how many online gaming apps we now have.
So, it'd be fairly interesting to compare CC defaults with the demographic that digs heavily into those apps. Which are young males up to ~35.
