Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • echo64@lemmy.world
    3·
    11 months ago

    It’s not the consumers’ fault that between staggeringly high rent, staggeringly low wages, and massive inflation, there isn’t space to save for your car suddenly developing a fault.

    As I told the other person, blaming personal responsibility here is silly given the last decade.