Credit Crisis destroys household income

[Harpy Eagle]

The numbers are aggregate. They always are.

Yes, they are. And they were higher in 2019 than they are now.

Why did you not lose your shit back then over this?

 

[justoffal]

The numbers were far higher in 2019, and you were on the forum back then and I cannot find a single thread you made freaking out over it.

Why is that?

I post in many places....
But I digress ... The economy is great for investors....that's fine.

But it sucks for the median income population. In fact it is now also beginning to suck for
The bottom also.

 

[Harpy Eagle]

I post in many places....
But I digress ... The economy is great for investors....that's fine.

But it sucks for the median income population. In fact it is now also beginning to suck for
The bottom also.

Did you lose your shit over this at a different place back in 2019?

 

[WinterBorn]

You get into trouble with credit cards when you spend more than you can afford. Simple, I know. But, apparently, plenty of people cannot fathom that.

 

[Harpy Eagle]

You get into trouble with credit cards when you spend more than you can afford. Simple, I know. But, apparently, plenty of people cannot fathom that.

Perhaps they are just following the lead of our government.

 

[WinterBorn]

Perhaps they are just following the lead of our government.

And that is never a good thing.

 

[Harpy Eagle]

Top 5 Reasons Why People Go Bankrupt

Bankruptcy can be a result of overspending or poor planning, but it can also be due to other circumstances. Learn why people are forced to file for bankruptcy.

www.investopedia.com

Five Major Reasons for Bankruptcy​

Common reasons that people file for bankruptcy include loss of income, high medical expenses, an unaffordable mortgage, spending beyond their means, or lending money to loved ones. Often, bankruptcy is a result of several of these factors combined.

1. Loss of Income​

2. Medical Expenses​

3. Unaffordable Mortgage/Foreclosure​

4. Overspending​

5. Providing Financial Assistance​

 

[DudleySmith]

He apparently doesn't realize that the lower numbers only represent the aftermath not the recovery. Like with any catastrophe...the initial casualties are always the highest.

That will just go over his head, no point in explaining it to him, they're just here to parrot what they're told is all.

 

[Cellblock2429]

The false economy always comes with a price. Consumer spending has been great! But! Now it's time to pay the bill!

Credit Crisis Hits Worst Level Since Great Recession As Millions Of Americans Go Bankrupt - Whatfinger News' Choice Clips

https://www.youtube.com/watch?v=WduFu1ruUXw Bankruptcies are hitting average American families, and U.S. businesses really hard in 2024, according to data from the U.S. Courts. Higher consumer prices are making Americans take on massive loads of debt just to get by, while businesses are being...

choiceclips.whatfinger.com

/——/ Here’s more of Bidenomics. Thanks Joe.

 

[yidnar]

I do so enjoy your daily "the sky is falling" threads...all the while everyone on this forum is seemingly unaffected.

Weird

so everyone on this thread isn't paying a LOT more for fuel , food , insurance rent , electricity ect ...