US households are under pressure from rising prices, and credit-card delinquency rates have soared past pre-pandemic levels, the Federal Reserve said.
      • comradeRichard@lemmygrad.ml
        ·
        6 months ago

        The "economy" 😩 our measure of success is how much value is extracted from the highest amount of people to be siphoned to the finance sector... To do well at this is terrible for everyone else, to have a stable quality business is to fail 🤷

  • Weyland@lemmygrad.ml
    ·
    6 months ago

    credit-card delinquency rates

    I keep forgetting that not paying one's debt is viewed as a crime in the USA regardless of the reason as to why you can't pay.