Financial educator Ross Mac breaks down record credit card debt levels and outlines a simple fix for overspending on ‘The Bottom Line.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #thebottomline #economy #finance #debt #credit #money #inflation #interestrates #spending #consumer #america #financialeducation #budget #markets #business #economicnews #personalfinance
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The number is much larger than stated. Because half of credit card users carry no long term debt and pay their card of EVERY month.
If you can’t pay your credit card off every month. You need to cut them up, not use them and pay off your debt.
All done to bring in the universal income system. It's not an accident. Voodoo practices within the current financial system have made it so.
Why should I pay if the government steals from me all the fucking time.
I grew up in the 60'-70's. Nobody had credit cards. I didn't get my first credit card until I was 35. We used cash. If you didn't have the cash, you didn't buy it. Period. I haven't carried a balance in over thirty years. It was an emergency and I paid it off as soon as I could.
They going to fancy vacations buying junk . ????
Drumpf gonna lower prices on Day One, right?
Buy $V $APX $MA $COF $JPM
Maga = socially conservative and fiscally liberal
There is no doubt in my mind many people get buried in credit card debt but I am not so sure that is what this is. I use my card for everything and usually have a balance each statement around $4,000 which I pay in full. The balance on the statement closing date is what gets reported though, so even though I never carry a balance over or pay interest, I would have $4,000 in debt in this report. When you look in that context seeing about a 5% year over year increase makes sense. Inflation is raising my monthly expenses by close to that.
Most people live for today
The people I know with debt problems are always holding a Starbucks or receiving their Door Dash order…
Sounds like a good opportunity to invest in VISA stock to me.