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BUMPED2002 09/27/21 8:43:51 PM #1: |
No surprise here because beginning in the 1970s and the decline in wages for American workers, began to borrow heavily to maintain their lifestyle/ Americans have been piling up debt for decades to compensate for lost wages.
When the pandemic hit, people who were being idled slowed down spending and used part of their early stimulus money to pay down their debt. When the stimulus money was dwindling down, people began borrowing and now cc debt is creeping back up. https://money.usnews.com/investing/news/articles/2021-09-27/as-americans-spend-credit-card-debt-is-ticking-back-up --- SpankageBros ... Copied to Clipboard!
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