TLDR over 200 million new credit card accounts were created in the period of April-June of 2022 alone. CC debt increased up another $40+ BILLION in the month of June alone too. Get ready for the explosion.
Doesn't help that the household debt has surpassed $16 TRILLION this year too.
All this talk about a recession feels like an illusion right now imo. Depression in 2023 seems much more likely to happen.
Carson Thomas
TWO MORE WEEKS GOY
Nolan Taylor
>Get ready for the explosion. How long does it take for people to realize they don't have to pay it off because the money never existed in the first place coupled with scam interest rates?
Jonathan Williams
Too soon. 2 more quarters seem more realistic.
Isaac Jackson
That looks like a guy that knows his way around a taco bell.
Sebastian Clark
Credit is for poor people who want to larp as richfags
Nathan Rogers
Yeah I'm thinking another 2 quarters or close to that to.
Levi Lewis
up 40 to 890, which is about $2600 per capita
Xavier Fisher
200 million new credit card accounts? Crazy. And here's me being a pleb with just one.
$890 billion in credit card debt, man we are fuuuucked
Aiden Watson
It's tempting to debtmaxx
Ryder Rivera
Consumers have their shit, retailers have their money. 890 billion debt is the bank's problem.
Daniel King
Car payments are falling behind too.
Anthony Peterson
Of course, cuz gas is too fucking expensive right now(and will be even worse in fall/winter) and even used car prices are skyrocketing.
Why pay for shit that you literally can't use?
Owen Davis
>ITS HAPPENING >1 pbtid
tl;dr nigger. post a chart/twitter screencap or gtfo
Ian Gutierrez
So what you are saying is too use more CC debt to speed up the collapse? >t. interested in a 2k Bulova
Zachary Bell
Debt? What debt?
Chase Thompson
Yeah. 30% APR on a Pizza you had two months ago is insane, and most people tightening their belt in the US realized they were basically paying interest on the principal balance they owe, and never paying the principal. Get a Debt card from Walmart that you can refill if you want to buy shit on line. That way, you know the amount you can spend, and if it gets lost or stolen, you know the amount you're gonna lose. No waking up a month from now 5K in debt because "you" bought 5 new gaming systems from Amazon. Credit, for the most part, is for suckers.