The Cost of Servicing Credit Card Debt is Skyrocketing
Minimum payments rising removes money from consumption. While many points to the delinquency rate being low
my response to that is "it works great until it doesn't". By the time delinquency spike, it will be too late.
Credit cards are Americans' savings. A hiccup in the economy will cause pneumonia in my view.
my response to that is "it works great until it doesn't". By the time delinquency spike, it will be too late.
Credit cards are Americans' savings. A hiccup in the economy will cause pneumonia in my view.
Note
Credit card debt servicing continues to rise parabolically! Pay off those credit cards!
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.