State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation - WOLF STREET

5/6/2022 12:00:00 AM2 years 11 months ago

Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.

Credit card balances up 3.0% from March 2019, but CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases. Credit card balances ticked up 1.9… [+3801 chars]

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