US credit card debt is 'certainly a reason for concern'

[@MrJimmy3459]

Well we've been normalizing debt for the past 60 years and this is the result of it, "well everyone needs a credit card, auto loans, student loans, make sure you have an 850 credit score or else you never going to get aheadh" utter nonsense. I'm 40 years old and my grandparents NEVER had or talked about debt, my father when he passed 4 years left his wife (my mom) thousands of dollars of debt. STOP thinking is ok to rack up debt, save money from each of your paychecks

[@Shaolin91z]

It's ok to leave debt. Just make sure you know Jesus before you pass😂

[@MikeCrawch]

@@Shaolin91z Is Jesus going to save my family from suffering from the debts that will be pass on to them? Is Jesus going to save them from being homeless?

[@conquistador2]

@@MikeCrawch apparently lol

[@mandisaw]

1- Most debt doesn't survive death. Credit card companies will try to pressure survivors/wids into paying off the deceased's accounts, but unless they had assets (in their name, not joint), the account closes as a loss when the borrower passes away. 2- Home & student loans are investments, but folks need to be smart about them. Lots of folks went YOLO after the pandemic, or give less thought to $50k loans than to spending $50 at the store. And few understand how interest even works. That's where the problem lies.

[@Chriswilson-vg6vp]

Theirs nothing left from paycheck after you buy groceries it’s 2024

[@stackchn]

Its especially bad now that the average credit card 💳 rate is 22%, hell Macy's is charging 31.99%.. High prices for EVERYTHING coupled with high interest rates % to borrow means households and businesses are in big trouble...

[@jamesmarie]

We are not better.

[@lavender-m1q]

Biden bad economy and high inflation 🙁

[@eddiekulp1241]

Can try to make things look good is just wrong

[@peteroneil3639]

these high interest rates on Everything are going to fold the economy !

[@endlessorbaggins8223]

Sure he had not only to put his book in an easy to view spot but also plug it at the end of the video. The guy clearly know how to sell himself and make money.

[@brandongriggs7869]

hahahahaha I saw it too and had to check the comments to see if anyone else did

[@spirg]

you dont spend 200, when you make 100, people arent working and theyre living on plastic, and its gonna catch up to us...the WORST is yet to come.....

[@ayeflippum]

Why was my comment not displayed?

[@berniecolling3697]

😳

[@Shaolin91z]

Thanks Lord for your salvation Thanks Lord for your salvation Thanks Lord for bible study class

[@raywest3834]

More wishful thinking on rate cuts.

[@klein2252]

It’s true. I’m ok. I haven’t spent a dime on non necessities since 2021. I’m great. It’s businesses that are in trouble. What happens when business is in trouble? The consumer is in trouble. We’re all going to hell soon.

[@Shaolin91z]

Speak for yourself as far as hell is concerned. We are not all going there😂

[@ryang3564]

Vote for Joe I'm sure he'll work it all out.