Citigroup highlights slower US credit card spending : Credit card spending down 10.8%

Discussion in 'Economics' started by Nighthawk, Oct 4, 2023.

  1. upload_2023-10-4_21-19-2.jpeg


    ....the fifth consecutive month of spending deceleration....and FED clowns still talking interest rate hike TRASH!:cool::caution:
     
    murray t turtle likes this.
  2. 2rosy

    2rosy

  3. notagain

    notagain

    To broke to borrow at 21% card rate, should be an interesting Christmas.
     
    murray t turtle likes this.
  4. Ayn Rand

    Ayn Rand

    Restaurants and gas station give discounts for cash where I live. Currency is legal tender. By law it has to be accepted.
     
    kmiklas and murray t turtle like this.
  5. EliteIB

    EliteIB

    Christmas is about giving but it doesn't mean you have to break your bank or bust your credit card limit to buy to give. I don't remember the Three Wise Kings using credit cards to buy gifts for baby Jesus.
     
    murray t turtle likes this.
  6. 2rosy

    2rosy

    murray t turtle likes this.
  7. %%
    LOL exactly ;
    or even gift cards, but since they did gifts, cant really complain about gift cards or cash.
    I dont use four wheel drive of 4 footed camels much also LOL:D:D
     
  8. %%
    MAYBE, since there is a lot of freedom in running any business.
    but plenty of businesses in mid south give cash discounts, easier, faster + more reliable to handle.
    But since credit carders tend to spend more + overspend/overpay= worth the extra merchant fee LOL.
    Or some like Electric Co /simply add on the cc fee if not paying cash or checks:D:D But they have a reliable cash machine , 24 hours a day.