"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
U.S. Consumers On An Unprecedented Debt Binge As Credit Card Debt Soars To An All-Time Record High
Submitted by Melinda L. Secor on Mon, 2018-07-16 01:00
"Total U.S. consumer credit has now hit a grand total of 3.9 trillion dollars, but it is the 'revolving credit' numbers that are getting the most attention. Revolving credit alone shot up by 9.8 billion dollars in May, and that was one of the largest monthly increases ever recorded. At this point, total 'revolving credit' has reached a brand new all-time record high of 1.39 trillion dollars, and credit card debt accounts for nearly all of that figure."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
It's certainly a step in the right direction.3 weeks 1 day ago
-
They may be in control of someone else. But they are NOT in...3 weeks 5 days ago
-
More prescient than one would have realized after the experi...3 weeks 6 days ago
-
http://www.informationliberation.com/?id=6333527 weeks 5 days ago
-
“Madness is something rare in individuals — but...31 weeks 5 days ago
-
I wouldn't be surprised to learn that it's some kind...31 weeks 5 days ago
-
And they're just the ones that got caught.31 weeks 5 days ago
-
The fruits of Marxism: Complete and total insanity.43 weeks 13 hours ago
-
Fortunately, he now has the money and the influence to not n...1 year 9 weeks ago
-
Look at the timing. They don't want CIA/MI6 funded...1 year 9 weeks ago
more