Americans 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 · 6 months ago

Americans 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.

ihaveibs [he/him] · 6 months ago

I totally agree. Even the more privileged folks in my sphere are avoiding going out, a complete failure of the bourgeoisie to uphold the social contract of what they call "the middle class." It'll be interesting how that continues to evolve

Americans 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.

Americans 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.

The great American boom is finally running out of steam, leaving mountains of debt