Americans now owe $1.13 trillion in credit card debt

  • bean
    link
    fedilink
    209 months ago

    Gee, I guess slamming the brakes on the working man with high interest rates (thank the central bank!) screwed all the working class. And most of us still haven’t had a fucking chance to recover after Covid and war have fucked our finances, and honestly, it’s not like we’re all getting raises.

    • @[email protected]
      link
      fedilink
      English
      39 months ago

      That’s exactly it. The Federal Reserve is like “this is the only tool we have to control inflation”, meanwhile the fuckheads at our Congress and Senate are like “40% of inflation is solely attributable to corporate profits, but our donors don’t like talking about that sooo”.

      Inflation gets reigned in by fucking over the people least able to cope with job loss, insurance cost spikes, etc.

      The judicial and legislative branches can get dry fucked by cactus and balsa wood for all I care, almost all of them.