Credit card interest rates at record highs, surpassing $240 billion annually. Comparisons to 1990s evoke concerns for younger generations’ financial struggles.

Credit card interest rates just hit a new record high in Feb – American families are paying over $240 billion a year just in interest on this debt, before a single dime goes to paying down the principal: pic.twitter.com/N6UxBnyZcl

— E.J. Antoni, Ph.D. (@RealEJAntoni) April 6, 2024

What was it like in the 1990s?

"I feel sorry for the younger kids now"

"Everything's way out of control"

"Rent … Food"

"I don't know how you kids are gonna do it"

🚨🚨🚨 pic.twitter.com/bHMu3F6sN7

— Wall Street Silver (@WallStreetSilv) April 6, 2024

Eventually this consumer will tap out but man they’ve been a resilient group of spenders this cycle. t.co/xS7kfIDA5r

— QE Infinity (@StealthQE4) April 6, 2024

"Can someone explain to me why I make over 3 times the federal minimum wage and I CANNOT afford to live?"

"It is a struggle to survive right now"

"The American dream is dead"

"I cannot AFFORD to live anywhere alone"

"I know so many people who are struggling"

"I am so tired"… pic.twitter.com/ZWDvkyPEbz

— Wall Street Silver (@WallStreetSilv) April 5, 2024