U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
Credit card debt almost 1 trillion as delinquencies spike.
In other news unemployment at lowest level since 1969. 🤔 pic.twitter.com/0I6Hn5vB1u
— George Gammon (@GeorgeGammon) February 3, 2023
Probably nothing. Buy stocks. pic.twitter.com/Th05f7kKD5
— Hedgeye (@Hedgeye) February 3, 2023
Rising number of people tapped their 401(k)s last year amid economic strain, “Inflation-adjusted wages have been falling — meaning that workers have less purchasing power than a year ago. Median weekly real earnings have actually fallen by 3.4% since the start of 2021, according to data from the Bureau of Labor Statistics.”
US Employers Announced More Than 100,000 Job Cuts in January
Of course they’re ignoring it, they’re the ones causing it 🚨 pic.twitter.com/9lkKQzKbtE
— Wall Street Mav (@WallStreetMav) February 3, 2023
h/t Haunting-Meringue330