Hacker News new | ask | show | jobs
by anonuser123456 833 days ago
Credit card balances are up in nominal terms even when credit growth hasn’t happened. Throw in income growth and it shouldn’t surprise people that credit card debt is up.
1 comments
ThunderSizzle 833 days ago
There hasn't been real income growth in the last 3 years. Inflation wiped all of that out, and credit card balances are as high as ever.
link
paxys 833 days ago
If you are adjusting wage growth for inflation then why not credit card balances as well?
link