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:
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
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.