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grdecter / Genevieve Roch-Decter, CFA
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2023-06-14 18:36:04

grdecter on Nostr: Plus higher rates leads to more credit card interest, hurting the American consumer ...

Plus higher rates leads to more credit card interest, hurting the American consumer

Quoting @GRDecter:
Good Morning Everyone! Americans are NOT paying off their credit-card debt. Over 36% of U.S. adults owe more money in credit card debt than they have saved. And some are turning to credit cards to pay their mortgages. 

I don’t need a PhD in economics to know this doesn’t end well.


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