Record Memorial Day Travel Week Indicate Strong US Economy - Thanks Biden/Buttiegieg

[citygator]

The robust Biden economy has a record 44M Americans confident enough in their economic future that they are traveling in record numbers.

• TSA screened record number of air travelers leading into Memorial Day well ahead of pre-pandemic 2019.
• Half of the top 10 travel days in history were in the last 5 days.
• AAA predicts a record high 44M Americans will travel this weekend and many travel industry publications are predicting a record summer of travel beating current travel record year of 2005.
• High travel numbers over the Memorial Day Weekend correlate to good economic years and never happens in a recession year
• High travel numbers will put pressure on gas prices

All good signs relative to the economy because the US has not seen good Memorial Day numbers in a recession year in decades of AAA data and therefore it is a key signal of strength. Basically Americans are confident enough in their situation to travel. This is great news unless you live in Florida and don’t like swarms of tourists or get bothered by an additional few cents on gas enough that you'd rather see a bad economy.

Thanks for the Economy Biden. Thanks for the travel records Buttigieg!


Inflation isn’t keeping Americans from having fun this Memorial Day weekend

TSA sets new record for number of travelers screened in a single day

Nearly 44 Million Travelers Leaving Town for Unofficial Start of Summer

Memorial Day travel could break a record from 2005 with 43.8 million expected to hit the road

 

[Harry Dresden]

if biden is doing so great why isnt his approval ratings at least in the mid 40's?....and buttigeig?....dont make me laugh....

 

[citygator]

if biden is doing so great why isnt his approval ratings at least in the mid 40's?....and buttigeig?....dont make me laugh....

Why do 50% of Americans think the economy is shrinking or that unemployment is high? They are dumb or willfully ignorant. But you have access to the correct information because you read my post. Congratulations on being in the half that knows the economy is doing well along with the record Memorial Day Travelers who are secure enough to break a 20 year record in travel.

 

[Harry Dresden]

Why do 50% of Americans think the economy is shrinking or that unemployment is high? They are dumb or willfully ignorant. But you have access to the correct information because you read my post. Congratulations on being in the half that knows the economy is doing well along with the record Memorial Day Travelers who are secure enough to break a 20 year record in travel.

its more than 50%.....and the reason why is because we go grocery shopping and see the bills when they come in.....you are just being a fucking democrat die hard when it comes to this....

 

[citygator]

its more than 50%.....and the reason why is because we go grocery shopping and see the bills when they come in.....you are just being a fucking democrat die hard when it comes to this....

Americans are so broke they are paying records for housing that they own in record numbers and are going traveling in record numbers. Looks like an unmitigated disaster that with all this money they have for homes and travel that they are paying 42 more cents for oreos.

 

[Harry Dresden]

Americans are so broke they are paying records for housing that they own in record numbers and are going traveling in record numbers. Looks like an unmitigated disaster that with all this money they have for homes and travel that they are paying 42 more cents for oreos.

yep credit card debt is at an all time high.....and you have already been shown many links showing how more in debt people are becoming.....but you are to much of a democrat to buy that stuff....

 

[Maxdeath]

Stores are going bankrupt or are closing to keep from going bankrupt in large numbers. People are paying higher food, clothing, car, housing prices while their pay is not coming close to keeping up. Biden released oil reserves and has not even put one drop back in. He is scheduled to release gasoline that was put in by another president all in hopes of gaining a few votes. Biden’s poll numbers have democrats scared.
People did not travel that much if any for years so they feel they need to do something. As some point out it wil put pressure on gas prices which are already high.

 

[MarcATL]

if biden is doing so great why isnt his approval ratings at least in the mid 40's?....and buttigeig?....dont make me laugh....

Are you ready to publicly commit to the polls being all right and that what they predict will come true?

 

[citygator]

yep credit card debt is at an all time high.....and you have already been shown many links showing how more in debt people are becoming.....but you are to much of a democrat to buy that stuff....

Credit card debt is actually near all time lows when you adjust for what people make now. You have been shown that multiple times but you wont address it.

2024 average balance is $7,226 and with a wage of $63,795. You have 11.3% debt.

2019 average balance was $6,194 with a wage of $54,099. You had 11.5% debt

You have less debt now compared to your income even though the dollars are up. Its not rocket science dude. It is simple algebra.

 

[LeftofLeft]

The robust Biden economy has a record 44M Americans confident enough in their economic future that they are traveling in record numbers.

• TSA screened record number of air travelers leading into Memorial Day well ahead of pre-pandemic 2019.
• Half of the top 10 travel days in history were in the last 5 days.
• AAA predicts a record high 44M Americans will travel this weekend and many travel industry publications are predicting a record summer of travel beating current travel record year of 2005.
• High travel numbers over the Memorial Day Weekend correlate to good economic years and never happens in a recession year
• High travel numbers will put pressure on gas prices

All good signs relative to the economy because the US has not seen good Memorial Day numbers in a recession year in decades of AAA data and therefore it is a key signal of strength. Basically Americans are confident enough in their situation to travel. This is great news unless you live in Florida and don’t like swarms of tourists or get bothered by an additional few cents on gas enough that you'd rather see a bad economy.

Thanks for the Economy Biden. Thanks for the travel records Buttigieg!


Inflation isn’t keeping Americans from having fun this Memorial Day weekend

TSA sets new record for number of travelers screened in a single day

Nearly 44 Million Travelers Leaving Town for Unofficial Start of Summer

Memorial Day travel could break a record from 2005 with 43.8 million expected to hit the road

Thanks for the reminder but if the voters aren’t feeling it or Biden falls short in too many other areas, then the travel records are fruitless.

 

[jotathought]

The robust Biden economy has a record 44M Americans confident enough in their economic future that they are traveling in record numbers.

• TSA screened record number of air travelers leading into Memorial Day well ahead of pre-pandemic 2019.
• Half of the top 10 travel days in history were in the last 5 days.
• AAA predicts a record high 44M Americans will travel this weekend and many travel industry publications are predicting a record summer of travel beating current travel record year of 2005.
• High travel numbers over the Memorial Day Weekend correlate to good economic years and never happens in a recession year
• High travel numbers will put pressure on gas prices

All good signs relative to the economy because the US has not seen good Memorial Day numbers in a recession year in decades of AAA data and therefore it is a key signal of strength. Basically Americans are confident enough in their situation to travel. This is great news unless you live in Florida and don’t like swarms of tourists or get bothered by an additional few cents on gas enough that you'd rather see a bad economy.

Thanks for the Economy Biden. Thanks for the travel records Buttigieg!

Most likely additional credit card debt as it continues to skyrocket in the United States, has increased to 8.5% YOY and drives increased outcomes of credit card default. Yeah .. great thing to celebrate!

Thanks Joe Biden!

 

[odanny]

Thank you Mr. President!

 

[Hollie]

Credit card debt is actually near all time lows when you adjust for what people make now. You have been shown that multiple times but you wont address it.

2024 average balance is $7,226 and with a wage of $63,795. You have 11.3% debt.

2019 average balance was $6,194 with a wage of $54,099. You had 11.5% debt

You have less debt now compared to your income even though the dollars are up. Its not rocket science dude. It is simple algebra.

On the other hand, the NY Fed has a different view.

Rising delinquency debt presents a very different picture than your unsourced opinion.

Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt Types - FEDERAL RESERVE BANK of NEW YORK

www.newyorkfed.org

Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt Types​

May 14, 2024

 

[citygator]

Most likely additional credit card debt as it continues to skyrocket in the United States, has increased to 8.5% YOY and drives increased outcomes of credit card default. Yeah .. great thing to celebrate!

Thanks Joe Biden!

Record low burden of credit card debt. Here is a comparison to 2019:

• 2024 average balance is $7,226 and with a wage of $63,795. You have 11.3% debt.
• 2019 average balance was $6,194 with a wage of $54,099. You had 11.5% debt

People have about $10,000 more salary are only $1,000 more in debt. That is a better leverage than they had in 2019 when you guys thought the economy was the best ever... guess what? Today's economy beats 2019 by almost every metric, including people confident enough to travel.

 

[citygator]

On the other hand, the NY Fed has a different view.

Rising delinquency debt presents a very different picture than your unsourced opinion.

Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt Types - FEDERAL RESERVE BANK of NEW YORK

www.newyorkfed.org

Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt Types​

May 14, 2024

You forgot to put into perspective. Its up from covid but low compared to history.

 

[Hollie]

You forgot to put into perspective. Its up from covid but low compared to history.


View attachment 952741

You forgot the perspective that rising delinquencies among all debt types isn’t negated by a graph.

 

[citygator]

You forgot the perspective that rising delinquencies among all debt types isn’t negated by a graph.

When the temperature rises in February from January that doesn't make February hot. That is what the graph explains.

We are near historic lows in credit defaults just a few year removed from covid and many many people got payment grace periods during covid which made them low. Now we are now seeing catching up from people who would have defaulted in covid. Its not a trend, it is a return to normal. Credit is healthy.

 

[Cellblock2429]

The robust Biden economy has a record 44M Americans confident enough in their economic future that they are traveling in record numbers.

• TSA screened record number of air travelers leading into Memorial Day well ahead of pre-pandemic 2019.
• Half of the top 10 travel days in history were in the last 5 days.
• AAA predicts a record high 44M Americans will travel this weekend and many travel industry publications are predicting a record summer of travel beating current travel record year of 2005.
• High travel numbers over the Memorial Day Weekend correlate to good economic years and never happens in a recession year
• High travel numbers will put pressure on gas prices

All good signs relative to the economy because the US has not seen good Memorial Day numbers in a recession year in decades of AAA data and therefore it is a key signal of strength. Basically Americans are confident enough in their situation to travel. This is great news unless you live in Florida and don’t like swarms of tourists or get bothered by an additional few cents on gas enough that you'd rather see a bad economy.

Thanks for the Economy Biden. Thanks for the travel records Buttigieg!


Inflation isn’t keeping Americans from having fun this Memorial Day weekend

TSA sets new record for number of travelers screened in a single day

Nearly 44 Million Travelers Leaving Town for Unofficial Start of Summer

Memorial Day travel could break a record from 2005 with 43.8 million expected to hit the road

/——/ No one is buying your bullshyt.

 

[Lesh]

How does a shit economy equate to record holiday travel

It doesn’t

 

[Hollie]

When the temperature rises in February from January that doesn't make February hot. That is what the graph explains.

We are near historic lows in credit defaults just a few year removed from covid and many many people got payment grace periods during covid which made them low and we are now seeing catching up from people who would have defaulted in covid. Its not a trend, it is a return to normal. Credit is healthy.

Marketwatch has very different numbers vs. what you claim.

Americans Are Carrying Record Household Debt into 2024

U.S. household debt grew by $800 million in 2023, resulting in record-highs for personal debt. However, 2024 could bring relief to struggling Americans.

www.marketwatch.com

“According to MarketWatch, credit card debt increased by 16.6% between Q3 2022 and Q3 2023, the largest increase of any household debt category. In March 2024, Equifax reported that outstanding bankcard balances increased 10.7% year-over-year to $1 trillion. However, the average American still spends less of their income on debt than in most of the 2000s, with the most recent debt payment-to-income ratio from Q4 2023 at 9.8%. This means that the average American spends almost 10% of their monthly income on debt payments.”