Consumer debt at an all-time high under Joe Biden, except for the wealthy like Joe Biden

[Votto]

MSN

www.msn.com

Well done Joe Biden, well done.

Consumer debt, including credit cards, rose to an all-time high for the 118 million US households among the bottom 90%, according to the Federal Reserve’s latest data on the distribution of household wealth. The group’s debt soared by $300 billion over the last year -- the largest annual gain on record -- as households deal with higher prices for everything from food to clothing and rents.
Meanwhile, consumer debt among the top 10% of households is virtually unchanged over the past year, the Fed’s data show.
Inflation is running near a 40-year high, forcing many households to load up on credit cards or dip into savings to make ends meet. Lower-income families spend a greater share of their earnings on necessities like groceries and gas, so higher prices can afflict those households much more so than wealthier ones, said Paige Ouimet, a finance professor at the University of North Carolina’s Kenan-Flagler Business School.















Continue reading

 

[Votto]

The democrat party is now the party of the wealthy

RICHEST Americans Voted DEMOCRAT - Geller Report

Deflecting, distracting, deceiving .... Look around -- the GOP, the Trump supporter is the working man, or as the Democrats like to call us, the "deplorables."

gellerreport.com

 

[occupied]

"This is horrible, let's give the billionaires another tax cut."
Republicans.

 

[Votto]

"This is horrible, let's give the billionaires another tax cut."
Republicans.

The DNC is spending away the value of the dollar.

Then they offer government assistance with things like health care, assistance they become dependent upon as the quality goes down.

Sick.

And as for the war on fossil fuels, that is driving up inflation as well, not to mention the Covid shut downs. This is happened across the globe, which is why the world economy is self destructing.

All of the economic carnage was created by Left wing governments across the globe.

 

[occupied]

The DNC is spending away the value of the dollar.

Then they offer government assistance with things like health care, assistance they become dependent upon as the quality goes down.

Sick.

Helping regular people is what a free country is supposed to do. Of course you would hate that you trickle down retard. Gotta kiss that "job creator" ass.

 

[22lcidw]

Helping regular people is what a free country is supposed to do. Of course you would hate that you trickle down retard. Gotta kiss that "job creator" ass.

The concept of what you type is noble. But the reality only gets a certain percentage happy.

 

[Baron Von Murderpaws]

Consumer debt at an all-time high under Joe Biden, except for the wealthy like Joe Biden​

Isn't that what has happened under Nazicrat reign since 1993?

 

[Resnic]

Not surprising.

All he has done is things that increased every day goods costs, fuel costs and the fed has raised interest rates 3 times in 4 months.

Then he stands there and says inflation is a good sign for the economy, then says there is no inflation, then says inflation is transient, then says inflation is because of Russia, then says interest rate hikes are to fight inflation, then manufacturers billions and billions of dollars which none of it went to our country, then hires a shit load of irs agents.

I just don't understand how people don't realize the Biden administration is screwing the whole country and no one says a thing. He stands there and lies, lies more often and more blatantly than any other president has before, and just doesn't care at all.

 

[midcan5]

Folks, if you were honest you'd acknowledge the only thing your cult leader Trump accomplished was to make the rich richer. Joe is doing ok. But you are not honest.

Trump told friends at Mar-a-Lago ‘you all just got a lot richer’ after tax bill passed: report

President Trump reportedly told friends at his Mar-a-Lago resort in Florida just hours after he signed the GOP tax bill that they all just got wealthier.”You all just got a lot richer,&#…

thehill.com

 

[Harpy Eagle]

At this rate the debt/income ratio will be back up to where it was under Trump soon

 

[Harpy Eagle]

MSN

www.msn.com

Well done Joe Biden, well done.

Consumer debt, including credit cards, rose to an all-time high for the 118 million US households among the bottom 90%, according to the Federal Reserve’s latest data on the distribution of household wealth. The group’s debt soared by $300 billion over the last year -- the largest annual gain on record -- as households deal with higher prices for everything from food to clothing and rents.
Meanwhile, consumer debt among the top 10% of households is virtually unchanged over the past year, the Fed’s data show.
Inflation is running near a 40-year high, forcing many households to load up on credit cards or dip into savings to make ends meet. Lower-income families spend a greater share of their earnings on necessities like groceries and gas, so higher prices can afflict those households much more so than wealthier ones, said Paige Ouimet, a finance professor at the University of North Carolina’s Kenan-Flagler Business School.















Continue reading

how much wealth dose it take to be in the top 10%?

To be in the top 10% of income earners is a incredibly low number, only $201,052 for a household. I cannot seem to find a good number for wealth though.

 

[Votto]

Folks, if you were honest you'd acknowledge the only thing your cult leader Trump accomplished was to make the rich richer. Joe is doing ok. But you are not honest.

Trump told friends at Mar-a-Lago ‘you all just got a lot richer’ after tax bill passed: report

President Trump reportedly told friends at his Mar-a-Lago resort in Florida just hours after he signed the GOP tax bill that they all just got wealthier.”You all just got a lot richer,&#…

thehill.com

All I ask is to end the war on fossil fuels

Baby steps

There is no prosperity without ending that war.

Things will only get worse

And yes, despite what the Climate Cult does or says, temperatures will continue to rise

It will be the best of both worlds.