Credit card debt is at an all-time high, BIDENOMICS IS WORKING sez Kamala.

[Rambunctious]

Compare before covid 2019 to 2024. It’s lower now compared to what you think was a gem of an economy. 2020 is bad data so shut the fuck up about 2020 levels dipshit. Trump never had debt this low in his 2019 economy that you love.

Dude we are talking about Biden's time in office.... now you want to go back 7 years ago?... any other goalposts you want to move?.... If your graph is right it proves my point not yours no matter how far back you want to go....
It was way down in Trumps last two years and Biden's first then it goes up... look at your own graph... don't be stubborn its a close friend of stupid....

 

[flewism]

It is not all that rosy for young people.

Total household debt by type

I consider being in poverty

a. Not being able to afford to retire at 65. If you are going to be a good parent, it's going to cost you a lot of money. Kids are expensive. What if the kid is retared? Now I'm definitely in poverty. Do you know how much help is to take care of a retard?

b. I guess I would live above the poverty line but barely.

c. Who's the woman? Does she work? How much does she make? If she doesn't work, I'm in poverty.

d. It says poverty for a 3 person home is $25,000. Gimme a break. I say you're living in poverty if you make $50K and are supporting 2 other people. Do you agree?

e. In 2022, the middle-income range for a household of three in the United States was about $56,600 to $169,800 annually

So I guess having a kid wouldn't put me into poverty. But it would suck. All my fun money would go to it.

Kids are expensive, and college is cost ridicules, I'm still waiting for Biden to offer me a refund on the 130+K I spent on getting my pair bachelor's degrees. They are grown, gone and successful. Now my turn, and life is good.

 

[citygator]

Dude we are talking about Biden's time in office.... now you want to go back 7 years ago?... any other goalposts you want to move?.... If your graph is right it proves my point not yours no matter how far back you want to go....
It was way down in Trumps last two years and Biden's first then it goes up... look at your own graph... don't be stubborn it’s a close friend of stupid....

You’re bad at math and charts. 2019 was 5 years not 7 and if we are looking at normal debt ratios precovid is a good benchmark. If we stick with your numbers Trump was the worst president in history based on the 2020 economy covid be damned. Moron.

 

[MarathonMike]

when adjusted for income levels

This is classic! Democrat shill plays the "when adjusted for" numbers game to tell us that the average American isn't drowning in credit card debt. What a liar.

 

[citygator]

This is classic! Democrat shill plays the "when adjusted for" numbers game to tell us that the average American isn't drowning in credit card debt. What a liar.

That is exactly what those numbers mean. You see. If you were getting paid $8.50 an hour to work at McDonalds and you had $400 in credit card debt but now you are making $17 and have $600 in CC debt your better off. Your CC debt is up 50% but your wages are up 100%.

That is why you see credit card debt up but it is a lower burden to people today. Its actually nearly flat to 2019, just slightly lower now, and 2019 it was nearly half of what it was a decade earlier. Was healthy in 2019 and it is healthy now.

 

[MarathonMike]

That is exactly what those numbers mean. You see. If you were getting paid $8.50 an hour to work at McDonalds and you had $400 in credit card debt but now you are making $17 and have $600 in CC debt your better off. Your CC debt is up 50% but your wages are up 100%.

That is why you see credit card debt up but it is a lower burden to people today. Its actually nearly flat to 2019, just slightly lower now, and 2019 it was nearly half of what it was a decade earlier. Was healthy in 2019 and it is healthy now.

Here you go genius. Let me know if this is too complicated for you.

"Americans' credit card balances rose 2.4 percent in the second quarter of 2024 to a record-high $1.14 trillion, according to the New York Fed. That marks a staggering 48 percent increase since the first quarter of 2021. "

 

[sealybobo]

This is classic! Democrat shill plays the "when adjusted for" numbers game to tell us that the average American isn't drowning in credit card debt. What a liar.

Republicans do it too. Trump spun his numbers to suggest he was the greatest president ever. All because after his massive tax law, he got .001% better numbers than Obama. Well by the same measures, Trump lost 400,000 manufacturing jobs and Biden is now the greatest president ever.

Remember Trump said no president has ever been better to blacks than him?

https://www.cnn.com/2024/06/16/politics/fact-check-trump-biden-black-unemployment-poverty/index.html

Fact check: Biden, not Trump, has the record lows for Black unemployment and poverty​

So you can't say this when you are president but then not let Biden use the same measurements to say now he is. Better than Lincoln.

Here's another one

U.S. Energy Independence Set New Record In 2023​

Biden is the greatest. Based on how you measured Obama and Trump.

 

[marvin martian]

Actually, the ones struggling the most lately is Trump supporters. His base.

April 2020

Opinion | Capitalism is failing the white working class. And the results are deadly.

The astronomical costs of health care are draining jobs, hope and opportunity from working-class Americans.

www.nbcnews.com

Middle-Aged White Americans Are Dying of Despair​

Even as longevity increases across the rich world, uneducated white Americans are living sicker and dying earlier. Two economists speculate on the reasons why.

Middle-Aged White Americans Are Dying of Despair

Uneducated white Americans are living sicker and dying younger. Here's why.

www.theatlantic.com

Did you actually read either of those articles? Nearly every place they mentioned is a blue area run by people just like you.

 

[sealybobo]

Whatever gets rid of the lefties faster is fine by me.

It makes sense. For centuries white's have had it the best here in America. Hard to deny that. But with affirmative action and fairness and the country has become very diverse, whites are losing that power. I get it. It sucks even for rich guys like my brother. Today he can't be the VP of HR. They're only hiring women or blacks. But guys like that will be fine. My nephews in college have to deal with this. They'll be fine. But blue collar workers who lost their great union jobs in manufacturing will NEVER make what they once made. You know it's true. It's those whites dying earlier than normal.

Not saying blacks don't have these problems too. But let's say in 2010 blacks had it bad. Today they have it a little better than then and they're actually doing better. Are you calling Trump a liar? He said they did great under him. Now you're denying it? And they're doing even better under Biden. So blacks are actually doing better than 2010.

It's white blue collar who are doing worse and drinking more, doing more drugs, crime, od'ing. Fentynol. Suicides. It's been called "economic despair". And it's not just happening to uneducated white men. It's happening to uneducated white women too.

For centuries you whites have told blacks to pick themselves up by their bootstraps. No excuse to be a loser in America. You told them America was great. Now suddenly Trump supporters are starting to sound a lot like blacks used to sound. You and BLM should join forces.

 

[Harpy Eagle]

U.S. credit card debt continues to rise • Washington State Standard

Americans are racking up credit card debt as they struggle to keep up with costs, and experts say those who earn the least are hardest hit.

washingtonstatestandard.com

yes, there are more people in the US so there is more credit card debt as more people have them.

but when adjusted for income they are not high at all

 

[sealybobo]

Did you actually read either of those articles? Nearly every place they mentioned is a blue area run by people just like you.

Those are the big cities pal. Today all the new green jobs are in the dirty south. So your cities are getting bigger. Crime will come. Democrats will turn your state blue. Sorry, you can't blame it on Democratic mayors. Republicans don't know how to run big cities.

Trump proved it the other day when he suggested a purge.

 

[marvin martian]

It makes sense. For centuries white's have had it the best here in America. Hard to deny that. But with affirmative action and fairness and the country has become very diverse, whites are losing that power. I get it. It sucks even for rich guys like my brother. Today he can't be the VP of HR. They're only hiring women or blacks. But guys like that will be fine. My nephews in college have to deal with this. They'll be fine. But blue collar workers who lost their great union jobs in manufacturing will NEVER make what they once made. You know it's true. It's those whites dying earlier than normal.

Not saying blacks don't have these problems too. But let's say in 2010 blacks had it bad. Today they have it a little better than then and they're actually doing better. Are you calling Trump a liar? He said they did great under him. Now you're denying it? And they're doing even better under Biden. So blacks are actually doing better than 2010.

It's white blue collar who are doing worse and drinking more, doing more drugs, crime, od'ing. Fentynol. Suicides. It's been called "economic despair". And it's not just happening to uneducated white men. It's happening to uneducated white women too.

For centuries you whites have told blacks to pick themselves up by their bootstraps. No excuse to be a loser in America. You told them America was great. Now suddenly Trump supporters are starting to sound a lot like blacks used to sound. You and BLM should join forces.

You didn't read the articles you linked to, did you?

As always, poor people of all colors are dying in droves in places run by people like you. Most likely because you're part of a death cult.

 

[marvin martian]

Those are the big cities pal. Today all the new green jobs are in the dirty south. So your cities are getting bigger. Crime will come. Democrats will turn your state blue. Sorry, you can't blame it on Democratic mayors. Republicans don't know how to run big cities.

Trump proved it the other day when he suggested a purge.

Once again, crime has already come to the big cities in my state, because they're run by people like you. Of course.

 

[Harpy Eagle]

Dude we are talking about Biden's time in office.... now you want to go back 7 years ago?... any other goalposts you want to move?.... If your graph is right it proves my point not yours no matter how far back you want to go....
It was way down in Trumps last two years and Biden's first then it goes up... look at your own graph... don't be stubborn its a close friend of stupid....

 

[otto105]

What are families to do when they get to the end of the month and have spent all their monthly pay? Go further into high interest debt so they can put food on the table. WooHoo! Let's hear it for Bidenomics! Oh wait my bad, Kamala is going to punish the EVIL grocery stores for "PRICE GOUGING". Oh yeah that'll fix it!

https://www.cnbc.com/2024/08/06/new-york-fed-credit-card-debt-hits-record-1point14-trillion.html

So, they’re not using it on record travel? Or goods and services…just groceries…

 

[MarathonMike]

Republicans do it too. Trump spun his numbers to suggest he was the greatest president ever. All because after his massive tax law, he got .001% better numbers than Obama. Well by the same measures, Trump lost 400,000 manufacturing jobs and Biden is now the greatest president ever.

Remember Trump said no president has ever been better to blacks than him?

https://www.cnn.com/2024/06/16/politics/fact-check-trump-biden-black-unemployment-poverty/index.html

Fact check: Biden, not Trump, has the record lows for Black unemployment and poverty​

So you can't say this when you are president but then not let Biden use the same measurements to say now he is. Better than Lincoln.

Here's another one

U.S. Energy Independence Set New Record In 2023​

Biden is the greatest. Based on how you measured Obama and Trump.

The subject is credit card debt, which has EXPLODED since Biden-Harris took office. Up 48 percent!

 

[Harpy Eagle]

The subject is credit card debt, which has EXPLODED since Biden-Harris took office. Up 48 percent!

only because it cratered during COVID when the Govt was sending out checks every couple months.

 

[MarathonMike]

only because it cratered during COVID when the Govt was sending out checks every couple months.

The government was not sending out checks every couple months. I recall getting two checks total. Bidenomics caused credit card debt to shoot up to all time highs.

 

[sealybobo]

You didn't read the articles you linked to, did you?

As always, poor people of all colors are dying in droves in places run by people like you. Most likely because you're part of a death cult.

Oh no doubt blacks still have it worse than whites. But whites, STILL having it better than blacks, are starting to lose their shit. Not used to it. I told you fools to the rich we are all n*#rs. The only thing that makes you not one is how much money you have. If you have millions you are no longer a n*#r. Rule of thumb at the country club.

Give blacks for putting up with much worse for much longer. They should storm the capitol not you MAGA fools.

 

[Ringo]

Credit is a way to consume now at the expense of future income.
So when you see countries with large debt loads, you see the illusion of current prosperity at the expense of children and grandchildren.