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US Credit Card Debt Surpasses $1 Trillion for First Time in History

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Every day you see or hear Progressives say how great this economy. But yet our debt and deficit continues to rise. The poor get poorer and of course the rich always  do well. Don’t believe me, just look at Biden’s bank accounts. US credit card debt surpassed $1 Trillion for the first time in history as more and more Americans have to borrow to get by.

We have  this from ABC.

U.S. consumers’ total credit card debt exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub.

Consumers took on an additional $92.2 billion in debt last year, the highest single-year amount since 2007. The average U.S. household owes $8,600 on credit cards, WalletHub found…

 

 

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