5 ms·
Credit card balances are up in nominal terms even when credit growth hasn’t happened. Throw in income growth and it shouldn’t surprise people that credit card
by anonuser123456 3y ago
Credit card balances are up in nominal terms even when credit growth hasn’t happened. Throw in income growth and it shouldn’t surprise people that credit card debt is up.
- ThunderSizzle 3y agoThere hasn't been real income growth in the last 3 years. Inflation wiped all of that out, and credit card balances are as high as ever.
- paxys 3y agoIf you are adjusting wage growth for inflation then why not credit card balances as well?