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Why Credit Card Debt Is Spiraling Out of Control In The United States

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Inflation is causing credit cards to go explode in the U.S. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.npr.org/2023/03/08/1161407261/how-we-went-from-near-record-savings-to-record-debt-in-just-two-years

"Stephanie Roth, 41, realized just how much her financial situation had deteriorated when she was signing up to bring a dish to the Valentine's Day party at her kids' daycare.

"I used to always be a mom who would sign up for the main stuff like the sandwiches," she says. "You know, the big, expensive things."

Before the pandemic, Roth was in a good financial situation. She could bring the sandwiches, the soda and the cupcakes. But last month, she realized that was no longer the case.

"I was literally looking at the list thinking, 'What has inflation not messed with?' And I signed up for bananas, because they're still 59 cents a pound."

***

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230309__TA04Debt
Category
Europe
Tags
230309__TA04Debt, News, Politics
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