- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
I’ve lived through enough financial crises that constantly hearing that (“Low unemployment! Go spend money! It’s fiiiiine, everything is GREAT!”) for the past year has made me a nervous wreck.