September 25 2024
ICYMI: Kamalanomics has caused record inflation, stagnant wages, and soaring housing prices, forcing Americans to rely on credit lines at a rate we’ve never seen before.
Look no further than the historic credit card debt crisis to see the impacts of the Biden-Harris failed economic agenda.
CBS News highlights the credit card crisis by sharing newly released data that Americans have hit $1.14 TRILLION in credit card debt. Maxing out their limits to keep up with crippling inflation, interest rate hikes, and insurance cost increases brought to you by a person who has bragged about these economic conditions and is now asking for a promotion in November, Kamala Harris.
TOPLINE:
- “Credit card debt is SURGING nationwide– with revolving debt growing at a troubling annual rate of 9.4%”
- “Credit card debt nationwidehit a RECORD HIGH of $1.14 TRILLION”
- “20% of credit card users are MAXED OUT.”
- “Average credit card interest rates are at a RECORD HIGH of nearly 23%.”
- “Many cardholders are seeing their balances grow faster than they can pay them down.”
Over the past four years, American workers and families have been forced into massive credit card debt just to keep up with runaway inflation and the economic hardships created by the Biden-Harris administration. Now, many are struggling to make ends meet, with maxed-out cards and shrinking disposable incomes, pushing countless families into devastating debt.
BOTTOM LINE: Americans are ready for MAGANOMICS to come to the rescue.
Read the full CBS News article here.