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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[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Good points, but if you look closely the last peak was actually late 2019, right before covid... I think we were on the cusp of an economic breakdown and covid "saved" us (or at least kicked the can down the road for a couple more years)

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

That's long been my take, as well. I thought the mRNA shots were an attempt to kickstart a new industry to infuse life into our dying economy.