Graph of total US credit card debt, notice the spike over the last few months?

submitted by magnora7 from (lendingtree.com)

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[–]Drewski 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

It's interesting how by 2018 the balances were almost as high as 2008/09. Didn't feel like a recession then, but I could be insulated having a decent job. Maybe something other than desperation was driving credit card use?

[–]magnora7[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

You were insulated by having a decent job. I was just starting out and got slaughtered career-wise and never recovered. And most of my peers in my graduating class have a similar story.