Consumer debt hits $5.01 trillion, with credit card balances surging 7%. High APRs and impulse spending fuel financial strain.

Consumers are out of savings. APRIL 2025: – Consumer credit hit $17.9B (Fed expected $11.4B)– Credit card debt increased 7%– Total balances hit a record $5.01T (yes, with a T, y’all) Ummm… hello? This is crisis management at 25% APR. – 35% used credit for impulse buys-… — Amanda Goodall (@thejobchick) June 8, 2025 Auto …

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Once again, we see impulse control issues.

Man Drove Newly Purchased Car Into Utah Mazda Showroom After Being Denied Refund, Police Say. A Utah man apparently upset with the car he bought was arrested after police say he drove it through the front doors of the dealership when he was denied a refund. About 4 p.m. Monday, Sandy police were called to …

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