SteakNEggs
Well-Known Member
^Ignorance in this post just shows how out of touch with reality some are.If you’re poorer now than in 2020 without any serious health or family related tragedies, what the hell is wrong with you? Instead of blaming the government or immigrants, Look inward! Either something is wrong with your spending habits or your career sucks. Perhaps you need to work harder? Perhaps you need to try budgeting? Perhaps you need more training or school? I know I would’ve loved to have made millions of dollars sitting around watching teevee with only a high school diploma. Unfortunately, Elon Musk already had that job. So I, like most Americans, had to seek additional training and schooling (and I paid for it).
Now, I’m far wealthier than 20 years ago. And I’m far better off now in 2024 than in 2020. Last I remember in 2020, millions were unemployed, the stock market was in free fall, I could hardly find toilet paper at a store to wipe my ***, and the cult leader was suggesting we stick flashlights up our asses.
So if your wealth sucks right now, stop blaming others, look at yourself.
U.S. households are carrying a record amount of credit card debt, according to a new Federal Reserve Bank of New York report released Tuesday. The bank said the data indicates financial distress is on the rise, particularly among younger and lower-income Americans.
Total household debt grew by $212 billion, rising to $17.5 trillion in the fourth quarter of 2023, the Fed's quarterly report on household debt and credit shows.
Credit card balances rose by $50 billion to hit a record $1.13 trillion. Inflation and higher interest rates are contributing to rising credit card debt, resulting in more Americans struggling to pay down their credit card balances, according to Bankrate's senior industry analyst Ted Rossman.