return2ozma@lemmy.world to News@lemmy.world · 9 months agoAmericans are facing a record credit card debt crisiswww.businessinsider.comexternal-linkmessage-square15fedilinkarrow-up1102arrow-down15
arrow-up197arrow-down1external-linkAmericans are facing a record credit card debt crisiswww.businessinsider.comreturn2ozma@lemmy.world to News@lemmy.world · 9 months agomessage-square15fedilink
minus-squaredoggle@lemmy.dbzer0.comlinkfedilinkarrow-up7·9 months agoMeanwhile my credit card co raised my credit limit by $3k out of the blue the other day…
minus-squaremalloc@lemmy.worldlinkfedilinkEnglisharrow-up8·edit-29 months agoOn some cards I have well over $50K limits. But really only use 1-2% of these limits. I can’t imagine people trying to carry balances on credit cards. Probably when the CC industry busts my limits will probably get reduced :(
minus-squareDeello@lemm.eelinkfedilinkarrow-up4·9 months agoSome people don’t “carry balances” on credit cards, they “carry their lives on credit cards.” Corporations making a killing and people out here getting killed. Being poor is expensive.
minus-squareGiddyGap@lemm.eelinkfedilinkarrow-up5·9 months agoThey want you to spend more on things you can’t afford and hopefully pay more interest.
Meanwhile my credit card co raised my credit limit by $3k out of the blue the other day…
On some cards I have well over $50K limits. But really only use 1-2% of these limits. I can’t imagine people trying to carry balances on credit cards.
Probably when the CC industry busts my limits will probably get reduced :(
Some people don’t “carry balances” on credit cards, they “carry their lives on credit cards.” Corporations making a killing and people out here getting killed. Being poor is expensive.
They want you to spend more on things you can’t afford and hopefully pay more interest.