this post was submitted on 30 Jul 2025
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United States | News & Politics

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Total credit card debt having just hit a record $1.1 trillion, up $363B since 2021. That's $7.3B a month. Buy Now, Pay Later schemes, projected at $117B this year, aren’t even counted. (fred.stlouisfed.org)
submitted 1 week ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] limer@lemmy.ml 4 points 1 week ago (2 children)

This is an indicator of people becoming poorer

[–] yogthos@lemmy.ml 3 points 1 week ago (1 children)

Exactly, people are going into debt cause wages aren't keeping up with inflation.

[–] limer@lemmy.ml 1 points 1 week ago

It seems to track the increases of the cost of living. A cost that cannot be paid so easily