Why are you presuming the credit debt is for superfluous purchases? Prices have shot up across the board, student loan payments resumed, bills and rent are always due, groceries need bought.
If they were using credit to buy meaningless stuff, why the spike now?
Why are you presuming the credit debt is for superfluous purchases? Prices have shot up across the board, student loan payments resumed, bills and rent are always due, groceries need bought.
If they were using credit to buy meaningless stuff, why the spike now?