• db_null@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    15
    ·
    3 days ago

    Nearly $3 trillion between credit cards and autos is wild. 13% past 90 day deliquincy and rising. Time-lapse explosion of the death star economy

    • Bustedknuckles@lemmy.world
      link
      fedilink
      arrow-up
      11
      ·
      3 days ago

      That 13% number is the really disturbing part. With inflation and the savings rate going down, higher credit card debt is at least predictable. The 13% means we don’t have much time.

      Conspiracy thought: watch for the return of debt criminalization. Slavery is legal in the US for criminals