We, and many others, were wondering how it was possible that US consumers – already tapped out beyond a breaking point, with collapsing savings and declining real wages – were able to push holiday spending which started in November and continued until the end of the year – to record nominal highs. Now we know: according to the latest monthly consumer credit report from the Fed, in November, consumer credit exploded higher by $24.75BN, blowing away expectations of a “modest” $9BN increase after the surprisingly subdued $5.8BN (upward revised from $.5.1BN) in October and the $4.3BN average of the past 6 months. This was the biggest monthly increase since last November, and was the first $20BN+ print since Jan 2023.
When looking into the details we find something remarkable: while non-revolving credit rose a modest $4.6BN…
ALL on BIDEN & his Damn Democrat Party !!!! Ruined America !!!!!!
Biden didn’t force anyone. Increasing debt is the fault of irresponsible people choosing to borrow more than they can afford. It’s nobody’s fault but their own!
Bla Bla Bla !!! Credit companies RUIN YOU !!!! With Revolving Interest !!!!
So smart ass > What is the GOVT’S Excuse for 32 Trillion in DEBT ????? $$$$$$$$$
They must be IRRESPONSIBLE !!!! (DEMOCRATS)
Biden FORCED Inflation on YOU !!!!! Pissing away TRILLIONS $$$$$$ of our MONEY !!!!!
People can’t afford DOUBLE + Prices caused by Biden so they have to charge it !!! FACT
So they have to Charge up the cards !!!!
You ain’t seen Noth’in yet !!!! BANKRUPTCIES > on the WAY Setting NEW RECORDS !!!!!!
FORECLOSURES TOO !!!!!! Are Coming !!!!!!
I say good! I’ve spent below my means, saved and invested, and now I’ll have a great opportunity to invest in distressed assets that losers borrowed money to buy when they shouldn’t have just because they thought they needed to keep up with the Joneses.
10:32 / If you’re not part of the solution, you’re part of the problem. Bet you’re a biden voter !!!!
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Stock Market CRASH too like 1929 !!!!!!!
ALL prices have Doubled / Tripled & more & the PAY checks stay the same > NOT WORKING !!!!!!!
Wow, it’s almost like this happens every year when Holiday shopping starts.
Hey democrats, how’s your bidenomics working now?
Hope they SUFFER with me !!!!
They will BURN IN HELL !!!!! ( DEMOCRATS ) !!!!!! New Nazi Party led by Pelosi !!!!! 2024
Can’t afford FOOD !!!! People who have NEVER used EBT will Now be on it !!!!! FACT
Better get to the store Before the ILLEGALS cause They YES have Our EBT cards too !!!!!!
Yes at Wal Mart Illegals HERE on DelMarVa buying Thousands $$$$ in Groceries on EBT !
The credit card Crook wants You on their Hook !!!!!!! Revolving credit should be Outlawed !!!!!
Smart people now get a Debit Card & stick to a budget !!!! Not a Credit Card !!!!
Get CHIME !!!!!
SOLVED !!!
ALL because of Biden’s Wonderful Economy !!!! 2024
Hell the BANKS are even going Under because of BIDEN so how the hell can the People Make it !!! ?????