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 · 2 months 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.

Yiazmat@lemmygrad.ml · edit-2 2 months ago

this was always so weird to me. My parents at least have an excuse that they're as broke as I am so I don't expect it from them lol but I have a friend whose parents are retired and have like, literally millions spread across different accounts and they refuse to help him out with anything. it's not like they have a bad relationship either, it's just a "pull yourself up by the bootstraps, kiddo" kinda thing.

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