Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 24 days ago

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

Frank [he/him, he/him]@hexbear.net · 24 days ago

personally I don’t hink there was ever any recovery after the 07-08 collapse and the feds have been at best shuffling numbers around to make it look like things aren’t going to hell

Over on facebook I’m being served lots of discussions about why Furiosa is doing poorly in the box office “It’s because racist antisemite grandpa isn’t in it!” “It’s because woke!” “It’s because people are sick of girl power!” but in between the mewling chuds is a simple, common thread; Folks can’t afford to go to the movies.

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

The great American boom is finally running out of steam, leaving mountains of debt