Record-High Credit Card Debt Brutalizes Middle Class in Biden’s America
Record-high levels of credit card debt “are primarily hurting low- and middle-income Americans, who tend to rent,” the far-left Associated Press reported. report. The AP article itself is a joke. Time and time again, they fail by using statements like “The U.S. economy is generally healthy,” or “The U.S. economy is currently doing better than […]
Credit Card and Auto Loan Delinquencies Surge on Back of Bidenflation
U.S. consumer spending has continued to fuel the economy at an unexpected rate over the past year. On the dark side, delinquencies on credit cards and auto loans are skyrocketing. “New delinquencies are particularly bad for both auto loans and credit cards, with transition rates exceeding pre-pandemic levels,” the New York Fed said. Said In […]
Credit card debt increases by $50B to new record high – The Hill
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6 percent from the third quarter of 2023, according to a study released Tuesday. […]
Credit card debt increases by $50B to new record high
U.S. credit card debt increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Fed. of Latest reportThe total credit card balances through the end of December were $1.13 trillion, an increase of about 4.6% from the third quarter of 2023, according to a report released Tuesday. […]
Credit card debt smashed another record high at the end of 2023
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. Americans are increasingly turning to credit cards to cover everyday expenses, with debt hitting a record high at the end of […]
Experts credit Biden foreign policy wins while leaving room for improvement
President Biden’s first three years in office have forced him to face a number of foreign policy challenges, with experts giving mixed reviews on how well he has responded on the world stage. It is being David Tafuri, a foreign policy analyst who served as a foreign policy advisor to the Obama campaign, said, “One […]
WHITTINGTON: Catch Parents Who Take A Leap Of Faith — Expand The Tax Credit
Last week, a bipartisan bill passed for young families. Expansion of child tax credit The victory by the U.S. House of Representatives was an incredible victory and a step in the right direction. The vote, which came on the heels of national pro-life marches that reaffirmed America’s commitment to mothers and their children, strengthens America’s […]
Credit card debt poised to a hit a new record high
Nomi Prince, author of “Perpetual Distortion,” argues that the Fed’s policies are having a negative impact on everyone involved in “making money.” Americans are hoarding more money credit card debt This is because the prices of daily necessities continue to rise due to still high inflation and soaring interest rates. Federal Reserve Bank of New […]
Child tax credit expansion: Who gets the money if it passes? – The Hill
(news nation) — Millions of families stand to benefit from changes to the federal child tax credit included in bipartisan bill I passed in front of the House of Representatives last week.. Low-income households, especially those with multiple children, will be helped the most. The majority of households with incomes below $21,000 would receive tax […]
Texas Gov. Abbott calls Adams’ plan to give migrants credit cards ‘insanity’
Texas Governor Greg Abbott minced no words in condemning Mayor Adams’ plan to provide credit cards to immigrants, calling the Big Apple’s proposal “insane,” “reprehensible,” and even “offensive.” He even called it “target.” “It’s so offensive that it sounds like there’s some insanity behind it. It might be the most reprehensible thing that’s happened in […]