Americans now owe $1.13 trillion in credit card debt

  • @RagingRobot
    link
    210 months ago

    The issue is that people’s cost of living went way up but their salary didn’t so to buy the same amount of food now is like 4 times as much. People end up running out of money before they get paid again because their money doesn’t go very far now and they need to use their credit card to get by for a few days. Keep doing that for a few months and bam 6k in card debt lol.