Explosion in banks writing off credit card debts because they’re broke as hell.

by

https://archive.is/20241230130345/https://www.ft.com/content/c755a34d-eb97-40d1-b780-ae2e2f0e7ad9

“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.”

US economy so STRONG. Just ignore 110 million bottom turd of society. F**k dem riffraff right?

h/t mark000

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