Americans' monthly debt payments surge since the pandemic

Discussion in 'Current Events' started by sec, Jan 26, 2024.

  1. sec

    sec Well-Known Member

    Joined:
    Aug 20, 2008
    Messages:
    31,776
    Likes Received:
    7,842
    Trophy Points:
    113
    https://www.foxbusiness.com/economy/americans-monthly-debt-payments-surge-since-pandemic

    HYPERLINK has full article

    snip

    The average amount Americans shell out just to cover their debt payments has surged by $350 per month over a handful of years, with high prices, swelling balances and sky-high interest payments all contributing to the jump...................

    "These numbers are really high, but for many Americans, the reality is likely even worse," he said. "That's because when it comes to credit cards, the calculations in our report only include minimum payments. The vast majority of credit cardholders pay well more than the minimum each month, so it's likely that most Americans are paying significantly more than what we list in the report."


    end snip

    More sobering news. The reality is the avg folks are worse today than 4 years ago. We need to unshackle private industry for a while. Then, once things improve, the Democrat party can try more experiments in harming the nation.
     

Share This Page