What a bullshit article that didn’t even acknowledge corporate greed as a factor, let alone the primary cause.
If they were greedy before and are still greedy, nothing would have changed. Did humans suddenly get greedy in the last two years? No, humans didn’t suddenly get greedy just in the last two years; economic conditions changed. Notably inflation producing policies are coming home to roost and the need to curb said inflation has driven up interest prices. Both of those factors would (and are) leading to more credit card debt, in particular inflation.
No there are other things that changed too you just ignore them. The picture you paint is simple, easy to understand and wrong.
“Record high profits.” Greedy taking advantage of economic shifts because a company that isn’t growing its profits no matter how profitable is “failing.”
No there are other things that changed too you just ignore them
Feel free to bring up the major ones. A hundred things changed and an essay does not make a good lemmy post.
HAHAHAHA funny meme thank you for the clarification about my life
It’s the goddamn grocery bills. All costs are still hyper elevated.
And rent, mortgage, gas, etc
I was thrilled when my grocery trip this weekend only cost me $375 instead of $450 like it has been.
Jeez, how many people to feed, and how often do you go on a grocery trip?
Bro where do you live
I was charged $40 for a late fee the day the payment was due when I’d made a payment within the same month.
Explain to me how I’m late for a payment due on March 4th, when the last payment I made was on Feb 16th. Is that Feb payment not for the upcoming due date‽ This shit is absolutely nuts.
Sounds like those credit card companies want you to keep paying them when you should really just stop, save the payments for six months to a year and file bankruptcy. They’ve earned enough. You’re not a bad person. It’s not realistic to pay off 30k in credit card debt with criminal interest rates. It’s probably easier than you think.
