I’d really like to see this report broken down into spending by age groups.
Americans rack up $19 billion in credit card debt in one month
Submitted 9 months ago by return2ozma@lemmy.world to aboringdystopia@lemmy.world
Comments
philo@discuss.online 9 months ago
the_q@lemmy.world 9 months ago
Why?
philo@discuss.online 9 months ago
Interestsd to see what age group is spending the most on credit.
SuiXi3D@kbin.social 9 months ago
Not this guy! Been (slowly) paying mine down.
Kalkaline@leminal.space 9 months ago
Right there with you, wish I could do it a little faster, but I’m almost to the point where I can knock out a bunch of it.
HeyJoe@lemmy.world 9 months ago
BAIL US OUT!
Avg@lemm.ee 9 months ago
I’m certainly too big to fail
return2ozma@lemmy.world 9 months ago
Debt jubilee please.
oehm@midwest.social 9 months ago
Does this include all credit card usage or just credit card usage that has accrued interest?
yggstyle@lemmy.world 9 months ago
I believe it is based on the utilization of credit (so the total sum, compared period to period)
It’s gone up. Considerably. Contrary to what that picture shows a lot of households are absorbing the combination of shrinking portions of food / rising prices with cards.
The_v@lemmy.world 9 months ago
Is that just straight usage or outstanding balance?
My usage of credit cards has changed over the years.
It used to be I used them very sparing for infrequent large purchases. Then paid them off in installments.
Now I use a credit card for most regular purchases because of the cash back and security if the card number gets compromised. I also pay it off in full every month.
So my usage has increased by 10x but my outstanding balance is 0.
NoIWontPickaName@kbin.social 9 months ago
Damn, I’m far behind!
Maeve@kbin.social 9 months ago
Eat. Compost. The. Rich. Seize. The. Means. Of. Production.