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Late Stage Capitalism@lemmy.world · 4 days ago

Credit card debt rises to $1.26 trillion, nearing all-time record

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Credit card debt rises to $1.26 trillion, nearing all-time record

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Late Stage Capitalism@lemmy.world · 4 days ago

Americans' credit card debt reached $1.26 trillion, increasing by $21 billion in the second quarter of this year, according to new data.

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Yes but the article itself breaks the debt down into credit card, mortgage and auto loans. That’s where I got confused when you mentioned people using credit cards to buy vehicles.

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