Is the US in recession? Revolving credit card debt breaks pre-pandemic record.

by financebrotw

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I can see myself on this chart. I’ve gone the better part of the past 2 years without using any of my credit cards as my fixed business income has always kept me flush with cash. In the past 3 months though that money has burned up quicker and quicker and I keep resorting to charging it onto my capital one and without even realizing it have quickly ran up $5000 or more trying to keep ontop of everything. Fuel has been the biggest crusher @ 5.55 a gallon my truck fill ups each week are running $150+ and no end in sight to price increases


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