Trillions in credit card debt as consumers just keep spending. Lucky they keep racking up trillions in debt. Since consumer spending makes up 70% of gdp it looks like the more debt the consumer gets into the better the economy grows. Keep spending that money you don't have 2025 Credit Card Debt Statistics April 23, 2025 Americans have an absolute mountain of credit card debt — $1.211 trillion, to be exact. This credit card debt statistics page tracks Americans’ credit card use each month. We update this page regularly, looking at how much debt people have, how often they carry a balance month to month, how often they pay their credit card bills late and more. https://www.lendingtree.com/credit-cards/study/credit-card-debt-statistics/
Wait till these Trump tariffs kick in and all the unemployed Walmart, Target and others lay off. Combine that with Inflation and its Stagflation Trump style.
I wonder what % of that credit card debt was spent on dildos and lube. I wish those reports were that specific just to make it fun instead of sleepy vague macro economic trends
SO WHO GIVES A FLYING FUCK JUST YOU AND YOUR SHIT POST THANK GOD WE HAVE YOU TO REPEAT MSNBC SHIT AND CNN SHIT
Prices already going up . ..the other day ups laid off 20,000, so this could be the start where people finally step back on spending.
Credit card interest rates are usury, which was approved by Biden. Credit cards are used to keep up with Biden's intentional inflation shock. Commies are happy to bankrupt everyone, including their own country.
But for some reason the consumer ALWAYS finds way to keep buying and consuming. Yea we had a bad gdp print this week but come the next gdp results everything will look fine and dandy!
This post was to show the ending of the quarterly update from jan to March that there was another $10 billion added to consumer debt and to show that consumers are still adding credit.card debt at a fast pace