Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.
Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.
Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported.
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Is everyone just hoping hyperinflation takes off?
You assume that people have a choice. Wages are so low compared to the cost of living in most of this country that unless you're making six figures, you aren't going to have much extra without sacrificing what used to just be normal a couple decades ago.
Johnny Harris recently released a video going through several income levels, starting at a $25k job up to $25 million and how that would breakdown for monthly costs with department of labor data for food and housing.
The linked video is in Spanish for me. Just fyi, not sure if you meant to link the English version.
Ok, so you can go to the settings for the video and change the audio track to English or Spanish. I was watching stuff in Spanish before opening this video. I guess YouTube defaulted to Spanish because of that? It's the first time I've seen that happen on any link 😂
Just a heads up, Remove everything after the ? In the link when sharing , it's tracking data
Weird it's in English for me. That's how I watched it. Lol
I did copy the link from YouTube Mobile so who knows what it's doing.
Was English for me, is your YouTube set to Spanish?
No, it's all in English but I do watch a lot of stuff in Spanish and French. I guess YouTube thought I'd like it in Spanish since I was watching something in Spanish right before clicking the link.