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Highest balances ever, highest increase ever, the Joe Biden economic wonder continues apace :biden-troll:

The figures suggests Americans’ are starting to rely more on credit as savings built up on the back of government pandemic-relief funding dries up. Bloomberg Economics estimates that households earning less than $90,000 a year will have exhausted their financial cushions by February.

:doomer:

  • SorosFootSoldier [he/him, they/them]
    ·
    3 years ago

    Bloomberg Economics estimates that households earning less than $90,000 a year will have exhausted their financial cushions by February.

    Good, this is how we can get them back into the workforce making me treats :frothingfash: :so-true:

    • bananon [he/him]
      ·
      3 years ago

      $90,000

      The median income is like $30k. People who make $90k make more than like 90% of the country. So 90% of people will just have no savings

      • EmmaGoldman [she/her, comrade/them]
        ·
        3 years ago

        Virtually all Americans who retained relatively consistent employment throughout 2020 had the estimated best financial year of their lives thanks to the stimulus checks. If $1800 is enough of a bump to set the record best, that's fucked.