Top White House economic adviser Kevin Hassett says increasing credit card debt is a good sign.

[odanny]

Hassett was not talking about delinquency. You have tried to change the subject. Hassett was talking about credit card debt which is what one takes on every time they use their credit card. If debt is up, credit card usage is up but that doesn't mean desperation, you're just trying to make your opinion fact.

Actually, it does, people know exactly how much they have to pay in interest, and no one wants to pay high interest rates. Debt means you are paying high interest in addition to the principal debt.

 

[Leo123]

Actually, it does, people know exactly how much they have to pay in interest, and no one wants to pay high interest rates. Debt means you are paying high interest in addition to the principal debt.

Well "actually" you stole 5 lines from my very long and detailed post I made, with citation (Link), to make some kind of point about nothing. You just want to lie by omission and then have an argument. Screw you.

 

[drudge X]

Credit card holders have been taking on debts through the years. Leftists can spare their faux outrage.

Credit card debt reaches $1.21 trillion — in line with last year's all-time high, NY Fed finds

Credit card balances rose by $27 billion in the second quarter to $1.21 trillion, according to a new report by the New York Fed.

www.cnbc.com

 

[Leo123]

Credit card holders have been taking on debts through the years. Leftists can spare their faux outrage.

Credit card debt reaches $1.21 trillion — in line with last year's all-time high, NY Fed finds

Credit card balances rose by $27 billion in the second quarter to $1.21 trillion, according to a new report by the New York Fed.

www.cnbc.com

Yeah…but…but…TRUMP!!!! ORANGE MAN BAD!!!!!!!

 

[Crepitus]

Hassett was not talking about delinquency. You have tried to change the subject. Hassett was talking about credit card debt which is what one takes on every time they use their credit card. If debt is up, credit card usage is up but that doesn't mean desperation, you're just trying to make your opinion fact.

High CC usage is a red flag because it most often indicates a stolen credit card. Also, credit reports don't rely on high usage alone.

General comments like 'using credit cards decreases solvency by adding debt' is nothing but word salad. If one uses credit to buy a car, let's say, how is that supposed to decrease their solvency? Could there be 0 benefits to owning a car? What if you need something to enhance your income but don't have the money to buy it? Is using a credit card for hat purchase going to make one become insolvent?

As far a delinquency, you are full of shit

"Trends in credit performance in recent quarters"​

"These trends appear to have been fading in the recent quarters. As can be seen in figure 1, the seasonally adjusted credit card delinquency rate declined, on net. Meanwhile, the seasonally adjusted auto loan delinquency rate was about flat from early 2024 through the second quarter of 2025, but inched up in the third quarter. In addition, year-over-year changes in delinquency rates, which are unaffected by any potential distortions associated with seasonal adjustment, decelerated substantially since their respective peaks in 2023:Q2 and 2022:Q2 (figure 3). In 2025:Q1, both the credit card and auto delinquency rates were—for the first time since the pandemic ended—roughly unchanged or lower than a year earlier, although the rates inched up for auto loans in the second and third quarters."

A Note on Recent Dynamics of Consumer Delinquency Rates

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

I did not try to change the subject. I debunked a tRumpling lie with facts and real information.

 

[candycorn]

How blind can you get? This is the exact opposite of reality. Credit card spending is going up because people cannot afford things they have to have. Like gas to get to work, for instance.

Is he really that stupid or is it just a very poor attempt at spin? 'Cause I don't think even the die-hard trump supporters are that gullible.

But you never know, I guess.

Trump Official Brags People Are Surviving On Credit Cards: ‘Spending Is Through The Roof!’

Many social media users disagreed with Kevin Hassett’s notion that increased credit card spending signals consumer confidence.

www.yahoo.com

Yeah I saw that. My jaw hit the floor as he gleefully mused at the debt people are running up.

 

[Zincwarrior]

Credit card holders have been taking on debts through the years. Leftists can spare their faux outrage.

Credit card debt reaches $1.21 trillion — in line with last year's all-time high, NY Fed finds

Credit card balances rose by $27 billion in the second quarter to $1.21 trillion, according to a new report by the New York Fed.

www.cnbc.com

You say it like its a bad thing. Protip, using credit card debt to pay for daily expenses means we are in deep shit, like India 20th century deep shit.