- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
People are definitely being reckless AND things are being crazy expensive nowadays.
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I’ve lived through enough financial crises that constantly hearing that (“Low unemployment! Go spend money! It’s fiiiiine, everything is GREAT!”) for the past year has made me a nervous wreck.
Things are only crazy expensive because wages and salaries don’t follow along.
I agree
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I would say depends on how often you are taking $3k for vacation and how long it takes to pay it back. If you are taking vacation more often than you can pay back, then that’s reckless.