tyb/s
great tastes in music too
70% Of Consumers With Credit Cards Say They Can't Pay It Off This Year
Zerohedge readers who follow our monthly consumer credit updates already knew, aggregate household debt balances jumped in 4Q18. As of late December, total household indebtedness was at a staggering $13.54 trillion, $32 billion higher than 3Q18.
More troubling is that 37 million Americans had a 90-day delinquent strike added to their credit report last quarter, an increase of two million from the fourth quarter of 2017. These 37 million delinquent accounts held roughly $68 billion in debt, or roughly the market cap of BlackRock, Inc.**
New evidence this week points to a further deterioration in consumer creditworthiness.
To understand the American credit card debt crisis, real estate data company Clever surveyed 1,000 credit card users earlier this month.
Using Consumer Financial Protection credit card complaint data and other forms of consumer metrics, the company was able to gain tremendous insight into the average American’s purchasing habits, dependence on credit cards, and feelings about their debt situation.
The survey found that 47% of Americans have a monthly balance on their credit card. About 30% of respondents with credit card debt believe they'll extinguish the debt this year, leading many of the respondents stuck in an endless debt cycle.
Fifty-six percent of the respondents say they've had credit card debt for more than a year. About 20% estimate their debt will be paid off by 2022, while 8% were unsure about a timeline.
**(that's interdasting that they use Blackrock as an example since Larry Fink-CEO and Executives of said company have been very busy selling shares in own company-https://www.secform4.com/insider-trading/1364742.htm
https://www.zerohedge.com/news/2019-03-20/70-consumers-credit-cards-say-they-cant-pay-it-year
That should have woken many. Just seeing that.. brainwashed is hard to shake. Hell my neighbor thought I was a spy because I tried to tell him that VP was not what he saw on tv.
we all are. Everyone in here and watching-total team effort.
ty for the love..pepe salutes you for it