US credit card debt has increased 14% faster than inflation since 2019, reaching $1.25 trillion. The personal savings rate dropped by 51% over the same period. www.stephensemler.com/p/falling-wa...
— Stephen Semler (@stephensemler.bsky.social) May 18, 2026 at 3:06 PM
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Saturday, June 6, 2026
Up, up, and away
Saturday, May 30, 2026
Because prices are going up, genius
Hassett on American consumers: "Credit card spending is through the roof. They're spending more on gasoline, but they're spending more on everything else too."
— Aaron Rupar (@atrupar.com) May 6, 2026 at 9:19 AM
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Monday, March 9, 2026
Another day older and deeper in debt
Don’t worry, everyone. “The Dow is at 50,000.”🙄 🚨 Credit card balances hit a record $1.28 trillion at the end of 2025, according to the New York Fed. Analysts say unsecured consumer loans, especially among subprime borrowers, are growing fast and is projected to become a bigger source of new debt.
— Christopher Webb (@cwebbonline.com) February 20, 2026 at 4:12 PM
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Saturday, October 25, 2025
Credit Scores plunging
Another recession indicator for Trump and the Republicans to ignore
— Mike Nellis (@mikenellis.bsky.social) October 9, 2025 at 11:34 AM
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Sunday, October 12, 2025
Trump has destroyed our economy in nine months
Consumer Price Index is up 3.1%⁵, wholesale prices are soaring⁶, and the University of Michigan shows consumer sentiment plunging⁷ as inflation fears spread. US Debt has hit a record $37 trillion⁸, unemployment is at a four-year high
— SaveAm. (@saveam.bsky.social) October 2, 2025 at 10:43 PM
Tuesday, September 2, 2025
More of the Trump economy
Serious Credit Card Delinquencies (unpaid balances for at least 90 days) hit their highest level in 14 years 🚨🚨🚨
— Barchart (@barchart.com) August 31, 2025 at 7:42 PM
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Sunday, January 28, 2024
Inquiring minds want to know
Still no answer to this question: Who paid off Supreme Court Justice Brett Kavanaugh’s $92,000 country club balance, his $200,000 credit card debt, and $1,200,000 mortgage, buying themselves a SCOTUS seat — and the 5th vote to overturn Roe v. Wade?
— Andrea Junker (@Strandjunker) January 22, 2024
Tuesday, September 14, 2021
Inquiring minds want to know!
Call me crazy, but…imagine if the reporters assigned to the Major Biden beat were instead tasked with finding out who paid off Brett Kavanaugh’s debts…
— Kaivan Shroff (@KaivanShroff) September 6, 2021
Thursday, August 28, 2014
Living in America
No, it isn't. As Barbara Ehrenreich has so famously stated, it's because you don't have enough money.
A couple of recent studies confirm this. While republicans often claim that the poor spend their money foolishly, a Bureau of Labor Statistics report shows that the poor (the lower 20% income wise, making $22,000 a year or less) actually spend more of their income (60%) on necessities--home, food, heating--than do the wealthy (45%). The wealthy also spend more, as a percentage of income, on eating out, liquor, and entertainment.
It's also often noted in republican circles that those who carry credit card debt are living beyond their means. A report from think tank Demos shows this isn't the case either--all too often it's brought on by unemployment, healthcare costs, and underemployment. And a lot of the debt is from just trying to purchase necessities for families.
What these two reports show is that it's more about bad luck than bad people. There's something inherently wrong when people do what they're supposed to, work hard their whole lives, and end up fianancially ruined through no fault of their own--like the very real people depicted here. We don't need lies about a people's character--what we need are leaders committed to the 99% and not the 1%.
Peace,
emaycee
