Showing posts with label Credit Card Debt. Show all posts
Showing posts with label Credit Card Debt. Show all posts

Saturday, June 6, 2026

Up, up, and away

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...

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— Stephen Semler (@stephensemler.bsky.social) May 18, 2026 at 3:06 PM


Fuck Donald Trump

Peace,
emaycee
 

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."

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— Aaron Rupar (@atrupar.com) May 6, 2026 at 9:19 AM


Fuck Donald Trump

Peace,
emaycee
 

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.

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— Christopher Webb (@cwebbonline.com) February 20, 2026 at 4:12 PM


Fuck Donald Trump

Peace,
emaycee
 

Saturday, October 25, 2025

Credit Scores plunging

Another recession indicator for Trump and the Republicans to ignore

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— Mike Nellis (@mikenellis.bsky.social) October 9, 2025 at 11:34 AM


Fuck Donald Trump

Peace,
emaycee
 

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


Fuck Donald Trump

Peace,
emaycee
 

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 🚨🚨🚨

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— Barchart (@barchart.com) August 31, 2025 at 7:42 PM


Fuck Donald Trump

Peace,
emaycee
 

Sunday, January 28, 2024

Inquiring minds want to know


Republicans = Nazis

Peace,
emaycee
 

Tuesday, September 14, 2021

Inquiring minds want to know!


People Who Refuse the COVID-19 Vaccine Are Why Our Lives Can't Return to Normal

Peace,
emaycee

Thursday, August 28, 2014

Living in America

It's a common theme among republicans, from the rank and file right on up to its leadership, that if you're poor it's because you're careless with your money.

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