Liberal Forum

US credit card defaults jump to highest level since 2010
Consumers are ‘tapped out’ after years of high inflation and as pandemic-era savings have evaporated

Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, in a sign that lower-income consumers’ financial health is waning after years of high inflation.

Credit card lenders wrote off $46bn in seriously delinquent loan balances in the first nine months of 2024, up 50 per cent from the same period in the year prior and the highest level in 14 years, according to industry data collated by BankRegData. Write-offs, which occur when lenders decide it is unlikely a borrower will make good on their debts, are a closely watched measure of significant loan distress.

“High-income households are fine, but the bottom third of US consumers are tapped out,” said Mark Zandi, the head of Moody’s Analytics. “Their savings rate right now is zero.”

Way to go, Joe!!!
 

Creepy Joe has one saying, " Charge it "

golfboy » 30 Dec 2024, 7:12 pm » wrote: ↑

30 Dec 2024, 7:12 pm

US credit card defaults jump to highest level since 2010
Consumers are ‘tapped out’ after years of high inflation and as pandemic-era savings have evaporated

Way to go, Joe!!!

chump change considering CC debt is at an all time high north of $1 trillion....
 

golfboy » 30 Dec 2024, 7:12 pm » wrote: ↑

30 Dec 2024, 7:12 pm

US credit card defaults jump to highest level since 2010
Consumers are ‘tapped out’ after years of high inflation and as pandemic-era savings have evaporated

Way to go, Joe!!!

My nostril ringed neighbors turned most of their house into a 2 story video arcade...then needed to move away in shame just a few years later ...totally bankrupt.   
When we first met they described themselves as "Preppers"...yet they relied on me to go out and clear fallen trees for them every time they needed to drive home after a wind storm.     I would also toss them an extension cord out of pity to my "Global Warming Activist" neighbors  during every power outtage that forced me to fire up my gasoline powered generator....  
The heavily tattoo'd husband was the manager of a warehouse and his very liberal SJW  "Goth" wife was a real estate agent...
They should have had enough income for someone with my upbringing and values  to make a go of it. 
They were very skilled at paying others to perform every little task that is required to survive in the woods while they chose to spend every hour of their "PERSONAL TIME" eating tater tots, smoking dope and playing video games on their $50,000 dollars worth of "Gaming Equipment"     

 
 

Cash is king

*GHETTOBLASTER » 30 Dec 2024, 7:38 pm » wrote: ↑

30 Dec 2024, 7:38 pm

My nostril ringed neighbors turned most of their house into a 2 story video arcade...then needed to move away in shame just a few years later ...totally bankrupt.   
When we first met they described themselves as "Preppers"...yet they relied on me to go out and clear fallen trees for them every time they needed to drive home after a wind storm.     I would also toss them an extension cord out of pity to my "Global Warming Activist" neighbors  during every power outtage that forced me to fire up my gasoline powered generator....  
The heavily tattoo'd husband was the manager of a warehouse and his very liberal SJW  "Goth" wife was a real estate agent...
They should have had enough income for someone with my upbringing and values  to make a go of it. 
They were very skilled at paying others to perform every little task that is required to survive in the woods while they chose to spend every hour of their "PERSONAL TIME" eating tater tots, smoking dope and playing video games on their $50,000 dollars worth of "Gaming Equipment"   

Tell them about the children   

HarperLee » 30 Dec 2024, 9:12 pm » wrote: ↑

30 Dec 2024, 9:12 pm

Tell them about the children 

https://x.com/TheAlexStrenger/status/18 ... 1433178234
Richard S ...after doing a background check on you...you ought to think twice before accusing others of being pedophiles...... 
The information on you is already out there for $50 and this web site prohibits doxxing....  
 

Who is Richard?

*GHETTOBLASTER » 30 Dec 2024, 9:18 pm » wrote: ↑

30 Dec 2024, 9:18 pm

https://x.com/TheAlexStrenger/status/18 ... 1433178234
Richard S ...after doing a background check on you...you ought to think twice before accusing others of being pedophiles...... 
The information on you is already out there for $50 and this web site prohibits doxxing....

Well you tell us all about Richard S if you got the stones 
and ole Richard might you down and erase you and and all of your living family. I will sit back and enjoy the show. At the end of the day I will find your plot and **** all over it to pay respect 

 
 
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HarperLee » 31 Dec 2024, 8:25 am » wrote: ↑

31 Dec 2024, 8:25 am

Well you tell us all about Richard S if you got the stones 
and ole Richard might you down and erase you and and all of your living family. I will sit back and enjoy the show. At the end of the day I will find your plot and **** all over it to pay respect 

 
 
1
2
3
Go

Richard....it's great fun watching you **** your pants...!
Little ****** Bitch Rich must have got really triggered with 3 rapid fire posts  this morning.....  
 
 

*GHETTOBLASTER » 31 Dec 2024, 9:43 am » wrote: ↑

31 Dec 2024, 9:43 am

Richard....it's great fun watching you **** your pants...!
Little ****** Bitch Rich must have got really triggered with 3 rapid fire posts  this morning.....

****** won’t post the info
he is afraid 
****** 

   
You ain’t got the stones old man

golfboy » 30 Dec 2024, 7:12 pm » wrote: ↑

30 Dec 2024, 7:12 pm

US credit card defaults jump to highest level since 2010
Consumers are ‘tapped out’ after years of high inflation and as pandemic-era savings have evaporated

Way to go, Joe!!!

Link?

BuckNaked » 30 Dec 2024, 9:19 pm » wrote: ↑

30 Dec 2024, 9:19 pm

Who is Richard?

@*HooooeyVagina's idea of "funny".

 

golfboy » 30 Dec 2024, 7:12 pm » wrote: ↑

30 Dec 2024, 7:12 pm

US credit card defaults jump to highest level since 2010
Consumers are ‘tapped out’ after years of high inflation and as pandemic-era savings have evaporated

Way to go, Joe!!!

 

Credit card lenders wrote off $46bn in seriously delinquent loan balances in the first nine months of 2024, up 50 per cent from the same period in the year prior and the highest level in 14 years,

why are they comparing nominal amounts?

Isn't the RATE the important thing?

BV the retarded liberal shill

Blackvegetable » 01 Jan 2025, 9:32 am » wrote: ↑

01 Jan 2025, 9:32 am

Link?

Let me help you out.
First, highlight "US credit card defaults jump to highest level since 2010" then right click, and use the "Search the web" function. 
But don't worry about it, no one expects you to educate yourself instead of demanding someone spoon feed you.
Stupid liberal. 
 

Blackvegetable » 01 Jan 2025, 9:36 am » wrote: ↑

01 Jan 2025, 9:36 am

why are they comparing nominal amounts?

Isn't the RATE the important thing?

No, the rate is not the most important thing. 
*******. 

Which is better?   Owing someone $10,000, or owing them $100,000?
 

golfboy » 01 Jan 2025, 2:23 pm » wrote: ↑

01 Jan 2025, 2:23 pm

Let me help you out.
First, highlight "US credit card defaults jump to highest level since 2010" then right click, and use the "Search the web" function. 
But don't worry about it, no one expects you to educate yourself instead of demanding someone spoon feed you.
Stupid liberal.

You're a **** idiot.

golfboy » 01 Jan 2025, 2:27 pm » wrote: ↑

01 Jan 2025, 2:27 pm

No, the rate is not the most important thing. 
*******. 

Which is better?   Owing someone $10,000, or owing them $100,000?

Is you net worth $50 or $2 million? 

Blackvegetable » 01 Jan 2025, 2:36 pm » wrote: ↑

01 Jan 2025, 2:36 pm

Is you net worth $50 or $2 million?

once again, BV refuses to answer the question.