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news@hexbear.netEnglish · 5 months ago

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

www.telegraph.co.uk

cross-posted to:
usa@lemmy.ml

158

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

www.telegraph.co.uk

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news@hexbear.netEnglish · 5 months ago

cross-posted to:
usa@lemmy.ml

The great American boom is finally running out of steam, leaving mountains of debt

www.telegraph.co.uk

High borrowing and low personal savings are dashing hopes of an economic soft landing

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5 months ago
Right, and once the economy becomes disconnected from the actual needs of the people it loses all meaning.

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