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·
    1 year 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.