There came a time when the Old Gods died! The Brave died with the Cunning! The Noble perished locked in battle with unleashed Evil! It was the last day for them! An ancient era was passing in fiery holocaust!
https://money.com/credit-card-debt-record/
Americans Have Never Been So Far Behind on Their Credit Card BillsThe dichotomy is evident in the Philadelphia Fed’s report, too. On one hand, a growing share of Americans are racking up record-levels of debt on their credit cards and can only manage to pay the bare minimum each month — if at all. On the other hand, about 1 in 3 credit cardholders are able to pay off their monthly balance in full.
What’s fueling the trend? Experts from both VantageScore and FICO, another credit scoring firm, say that high interest rates and lingering inflation are likely culprits.
While inflation is indeed moderating, prices on everyday goods and necessities are still far pricier than they were before the pandemic. To rein in soaring prices, the Federal Reserve hiked benchmark interest rates 11 times since March 2022. Many of those prices remain stubbornly high, however, meaning interest rates are likely to stay elevated for the moment, as well.
This puts everyday consumers in a sort of financial Catch-22: Almost everything is more expensive. So they have to rely more heavily on credit cards or other financing to make ends meet. But because of elevated interest rates, the cost of borrowing is through the roof, too.
That begs the question: Just how many more all-time highs can Americans stomach?
Two individuals with Russian and German citizenship were arrested on charges including espionage, sabotage and membership in a terrorist organization. The organization would be the so called Dontesk People's Republic. This means Germany is considering an administration that Russia, Syria and North Korea acknowledged as an independent country a terrorist group.
Beth Hart - Fire On The Floor CD Review
Beth Hart February 23rd, 2017 Boston, MA Concert Review
"I can't complain. I got to be Jim Morrison for the first half of my life, and Ward Cleaver for the second half." - Warren Zevon.
Beth Hart - Fire On The Floor CD Review
Beth Hart February 23rd, 2017 Boston, MA Concert Review
"I can't complain. I got to be Jim Morrison for the first half of my life, and Ward Cleaver for the second half." - Warren Zevon.