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U.S. Credit Card Debt Closed 2018 at a Record $870 Billion

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posted on Mar, 7 2019 @ 11:44 PM
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a reply to: ANNED

I was in the same situation until I needed a more reliable car to travel for work.

At which point I had to build credit.




posted on Mar, 7 2019 @ 11:46 PM
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originally posted by: toysforadults
a reply to: ANNED

I was in the same situation until I needed a more reliable car to travel for work.

At which point I had to build credit.




Your not the first person to end up in that situation, used correctly credit can build wealth, however most people abuse it and end up in a never ending cycle of debt.



posted on Mar, 8 2019 @ 12:34 AM
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It doesn't matter how many billions or trillions the U.S. debt is. As long as the dollar is the world's reserve currency, U.S. can print as many dollars as it wants to.



posted on Mar, 8 2019 @ 12:39 AM
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originally posted by: FamCore
a reply to: toysforadults

We also have $1.53 trillion in student loan debt and over $1 trillion in auto loan debt... $15 or $16 Trillion in mortgage debt

and about $123 TRILLION in unfunded liabilities like social security


Not to mention usdebtclock.org...



But nobody seems to care... tick.. tock...



Social Security for who, corporations or individuals??



posted on Mar, 8 2019 @ 04:59 AM
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a reply to: hopenotfeariswhatweneed

If you look at the debt to income ratio a lot of credit MUST be going to living expenses

Evidence for this can be gleaned from the collapse of retail and the consumer market



posted on Mar, 8 2019 @ 05:09 AM
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a reply to: toysforadults

It's more than alot, the majority are literally teetering on the edge.



posted on Mar, 8 2019 @ 05:14 AM
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a reply to: hopenotfeariswhatweneed

more than teetering now based on the rise in auto delinquency, student loan default, slow down in housing and default on credit debt

jobs just aren't paying enough, period there's no other way to look at it
edit on 8-3-2019 by toysforadults because: (no reason given)



posted on Mar, 8 2019 @ 06:12 AM
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The lobbyists for the bankers years ago pushed many policies to enable them to get a cut of everyones money.

You used to be able to find many stores that did not have credit card machines and some accepted cash only. Those days are gone.

Now you go through a drive thru at fast food restaurants and they have card swipes lol.




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