If The Economy Is As Good As Democrats Tells Us Why Is This Happening?

[2012Bearcat]

Credit card losses are rising at the fastest pace since the Great Financial Crisis

Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.

www.cnbc.com

Things must not be as good as the Democrats say they are.

Surely Democrats wouldn't lie to us would they?

 

[Sunburnt Indian]

Credit card losses are rising at the fastest pace since the Great Financial Crisis

Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.

www.cnbc.com

Things must not be as good as the Democrats say they are.

Surely Democrats wouldn't lie to us would they?

Consumer credit dard debt is at an all time record $1 trillion+. Why? Biden's inflationary tsunami. How? Biden spending and war on US oil & gas.

Those of us who can define arithmetic simplest equation gets it. There is nothing hard here.

And the slow admonish the thinking for questioning an all-time record 81 million Americans stupid enough to vote for this.

 

[LAY THE WOODY]

Joe showers 24/7. Epstein like. Jill holds him up.

 

[osu_orangestreak]

Also read that 1/3 of those making at least 150k are living pay check to pay check. That is complete irresponsibility. As is a large number of those running up these huge credit card debt.

People need to learn that they dont deserve or have to have anything they want.

Yes, inflation is a major problem.

 

[LAY THE WOODY]

Also read that 1/3 of those making at least 150k are living pay check to pay check. That is complete irresponsibility. As is a large number of those running up these huge credit card debt.

People need to learn that they dont deserve or have to have anything they want.

Yes, inflation is a major problem.

You pub?

 

[2012Bearcat]

Also read that 1/3 of those making at least 150k are living pay check to pay check. That is complete irresponsibility. As is a large number of those running up these huge credit card debt.

People need to learn that they dont deserve or have to have anything they want.

Yes, inflation is a major problem.

Depends on where people live. 150K a year in cities like New York City or San Francisco 150K is not much of an income. For example, a studio apartment the size of a closet in New York City averages about $3500 a month, while something like a 4 bedroom apartment will run about $7500 a month for just rent. Median rent in San Francisco is around $3000 a month with a 4 bedroom running around $5500. Democrats have raised the cost of living massively.
I own and manage numerous rentals here in the DFW area. Since Biden has come into office I've had to raise rents to cover for the rise in everything from taxes and insurance to repairs and materials. I have a couple of double wide mobile homes I rent out for between $1300 to $1600 a month and that's in Texas out in the country. That's nuts to me but the people are more than happy to pay it.
Hell just to live in our house in Texas it costs almost $1200 a month for just taxes and Insurance, that's with a paid off house. Yea I can easily see how a person making $150K a year is living paycheck to paycheck.

 

[Sunburnt Indian]

Depends on where people live. 150K a year in cities like New York City or San Francisco 150K is not much of an income. For example, a studio apartment the size of a closet in New York City averages about $3500 a month, while something like a 4 bedroom apartment will run about $7500 a month for just rent. Median rent in San Francisco is around $3000 a month with a 4 bedroom running around $5500. Democrats have raised the cost of living massively.
I own and manage numerous rentals here in the DFW area. Since Biden has come into office I've had to raise rents to cover for the rise in everything from taxes and insurance to repairs and materials. I have a couple of double wide mobile homes I rent out for between $1300 to $1600 a month and that's in Texas out in the country. That's nuts to me but the people are more than happy to pay it.
Hell just to live in our house in Texas it costs almost $1200 a month for just taxes and Insurance, that's with a paid off house. Yea I can easily see how a person making $150K a year is living paycheck to paycheck.

I just prepped a daughter house for new tenants. Built in 2004 with 1783 sq. ft 1.1 miles from my house. Rent is $1995.

My mortgage payment is $1051 and 1858 sq. ft. built in 2004. My next payment is due Jan 1, 2024. Son-in-law bought the rental about 8 years ago from Bank of America for $105,000.

In 2016 I hit my Barclay Bank Saving to upgrade a master bath. In 2022 and 2023 I hit my Barclay Saving to eat.

 

[2012Bearcat]

Bankruptcy Filings Spiked In 2023 Under The Biden Administration, And You Should Expect More Financial Chaos To Come

Data released Tuesday showed that Americans filed more than 39,000 bankruptcy cases in August 2023, an 18 percent increase from the same time last year.

dailycaller.com

 

[CowboyUp]

 

[Sunburnt Indian]

I drove wife's Jeep to Hell-of-a-Burger this AM because it has XM radio. Fox Business told me we see record numbers of banks turning down new credit card applicants. Maxed out credit consumers are seeking new credit cards.