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Blackout ,
@Blackout@kbin.run avatar

The things I would buy with a trillion dollar credit limit! Probably a 2nd air fryer.

sunzu , (edited )

Cnbc loves this genre of FUD.

While true US CC debt is up but if you look per capita, it is not.

With that being said, rising debt is an indicator that people are relying on credit to fill gaps. If this continues, they will be fucked

cygnus ,
@cygnus@lemmy.ca avatar

While true US CC debt is up but if you look per capita, it is not.

What do you mean? They aren’t accounting for population increase?

sunzu ,

The number given there is gross CC debt... Ie 1.1t

Which I think is historically high but population has grown by like 30m? Since 2008?

So per capita it ain't highest it has ever been.

Long story short, CNBC is running FUD here.

If a quick search should provide results of this same shit being run every other months.

I notice them running this shit a while back and like clock work they got reposted on socials

CaptDust ,

credit card companies could lower their APRs in response to a rate cut by the Fed, LendingTree credit analyst Matt Schulz told CBS News, providing some relief for borrowers in the months ahead.

Why in the world would they do that? Has anyone ever seen their credit APR decrease, ever?

sunzu ,

They won't... This is a fud campaign to get peasants to ask for lower rates since fed ain't listening to the "market"

Renk seeker always charges "what market can bare"

SuckMyWang ,

Get peasants to ask the fed? When has the fed ever given a shit about what peasants say

sunzu ,

get a few on teevee crying about CC debt and mortgages, create a narrative that regular folks are suffering due to fed not cutting etc

Quill7513 ,

We want food.

NegativeLookBehind ,
@NegativeLookBehind@lemmy.world avatar

Have you pledged your mind body and soul to our lord and savior, capitalism?

Quill7513 ,

Oh, so my first born child won’t be required as well?

rockSlayer ,

No, you’ll still need to commit your first born, but we’ll come back for them soon

No_Eponym ,
@No_Eponym@lemmy.ca avatar

mind, body and soul

And your air, and your water, and you land, and your government, and your laws, and your freedom, and your culture, and the minds, bodies and souls of any generations yet unborn, as well as the sacrifice of the potential minds, bodies and souls of generations not born due to the Great Tithe we all must pay in solemness and obedience. Amen.

MediaBiasFactChecker Bot ,

CBS News - News Source Context (Click to view Full Report)Information for CBS News:
> MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

Search topics on Ground.Newshttps://www.cbsnews.com/news/credit-card-debt-total-us-2024/

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