XPost: talk.politics.misc, alt.economy, alt.politics.republicans
XPost: alt.elections

https://www.newsnationnow.com/business/your-money/credit-card-debt-america/

Credit card debt crossed $1 trillion in 2022: Report

A CFPB report found Americans had record credit card debt
in 2022

Americans are paying interest rates well over 20%

CFPB officials expect number of Americans stuck in debt
loop to increase

. . .

THANKS JOE !!!

What this means is that the remnants of "normal life"
are largely a fiscal ILLUSION, purchased on (high-
interest) CREDIT.

Yea, yea, most western NATIONS are living a similar
half-life ... all the bread and circuses bought via
international debt (though the interest rate is a
bit lower). The pols CAN'T let the bread and circuses
go away - they're trapped. So ... every year .....

The beloved "1st-world lifestyle" really IS unsustainable.
We, esp the USA, had a post-WW2 boom and that became the
"norm", what everyone expected, the standard image of
"how things are supposed to be". Alas based on our actual
productivity, profits, something closer to a 1930s
depression lifestyle is actually a more realistic 'norm'.

Credit cards and other kinds of loans simply encourage
people to live the unsustainable lifestyle, and it gets
more ridiculous every year. There WILL be a crash point.
No escape. You can only live lies for just SO long before
the numbers and circumstances catch up with you.

--- SoupGate-Win32 v1.05
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