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Consumers in US Went on a Credit Card Spending Spree in March - link inside

submitted by TheGardener to news 2 yearsMay 9, 2022 18:42:22 ago (+3/-0)     (news)

The Fed's Consumer Credit report came out last Friday. The increase in $52.43 billion was the biggest jump in history by far. And most of it was credit card spending.

https://mishtalk.com/economics/consumers-went-on-a-credit-card-spending-spree-in-march-four-pictures


2 comments block


[ - ] wonderfuldonut 2 points 2 yearsMay 9, 2022 20:13:11 ago (+2/-0)

if one is about to be bankrupt, may as well go out with a bang. The Fed creates debt slavery, they are rubbing their hands in glee.

[ - ] bobdole9 0 points 2 yearsMay 9, 2022 22:39:37 ago (+0/-0)

Wonder how much of that was gas?