☆ Yσɠƚԋσʂ ☆@lemmy.ml to news • 6 months agoAmericans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.external-linkmessage-square69 fedilinkarrow-up1172cross-posted to: us_news@lemmygrad.mlusa@lemmy.ml
arrow-up1172external-linkAmericans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.☆ Yσɠƚԋσʂ ☆@lemmy.ml to news • 6 months agomessage-square69 Commentsfedilinkcross-posted to: us_news@lemmygrad.mlusa@lemmy.ml
minus-squareFourteenEyes [he/him]hexbear22·6 months agoThere's lots of work being done so people are being paid, it's just that this work is not productive so the money generated by other actually productive sectors of the economy is essentially being put in a big pile and lit on fire link
There's lots of work being done so people are being paid, it's just that this work is not productive so the money generated by other actually productive sectors of the economy is essentially being put in a big pile and lit on fire