Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York said.
  • cygnus@lemmy.ca
    2·
    3 months ago

    While true US CC debt is up but if you look per capita, it is not.

    What do you mean? They aren’t accounting for population increase?

    • sunzu@kbin.run
      1·
      3 months ago

      The number given there is gross CC debt… Ie 1.1t

      Which I think is historically high but population has grown by like 30m? Since 2008?

      So per capita it ain’t highest it has ever been.

      Long story short, CNBC is running FUD here.

      If a quick search should provide results of this same shit being run every other months.

      I notice them running this shit a while back and like clock work they got reposted on socials