Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

☆ Yσɠƚԋσʂ ☆ · 22 days ago

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

ihaveibs [he/him]@hexbear.net · 22 days ago

I guess the question is how long can they keep pulling levers until it finally collapses?

☆ Yσɠƚԋσʂ ☆ · 22 days ago

Seems like they made an art of kicking the can down the road. Hard to say how long they can keep this going, but the longer it goes the harder the crash will be.

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

The great American boom is finally running out of steam, leaving mountains of debt