1 in 3 Americans maxing out credit cards because of inflation: survey
www.foxbusiness.com
The majority of Americans who have maxed out their credit cards said they did it because of price increases from inflation, a recent survey from Debt.com said.
  • BombOmOmEnglish
    4•1 year ago

    Yeah, this isn’t a new development. The vast majority of the country is awful with money. Hell, there is a reason there is the meme of the lottery winner being broke just a few years after winning big, and it isn’t because they paid off their debt, invested in reliable sources, and continued to live similarish to how they were before.

    • @QuarterSwede@lemmy.world
      2•1 year ago

      Bingo. It’s so bad that my company is giving budgeting classes since a lot can’t live on the absolutely great wages we’re paying (6 figures in a town with an avg $58K income). They can’t live on that because they blow their money on stupid shit.