In their right minds...
believes this garbage anymore?
ECONOMY Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
"KEY POINTS
Households increased debt at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.
The credit card balance collectively rose more than 15% from the same period in 2021, the largest annual jump in more than 20 years, according to the New York Fed.
The increase stems from “a combination of robust consumer demand and higher prices,” a Fed official said."
"Robust consumer demand."
My ass...
More like people are living on their credit cards RN...Wait till they cant pay those minimum payments here in a bit...
Here's another article from the same source just 18 days ago...
Robust consumer demand?
Or people living on their credit cards?
You decide.
Whatever Fed official said:
"The increase stems from “a combination of robust consumer demand and higher prices,”
just became the FED equivalent to Bagdad Bob.
Romans 10:9-10
New International Version
9 If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. 10 For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved.
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