Nostr News Network on Nostr: 50 years ago, Americans saved 14% of their income and had only $13.24 billion in ...

50 years ago, Americans saved 14% of their income and had only $13.24 billion in credit card debt, ~$85 per adult.
Today, Americans save 4.4% of their income and have $1.373 trillion in credit card debt, ~$5,000 per adult.
The affordability crisis has hit its breaking point.