- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
No one has enough money to live anymore. This isn’t a problem of people being reckless, they’re using credit because there isn’t enough money coming in to pay for everything.