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Re: Is this stupid? or is it just me,,,,,, US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge 

By: starlight in POPE IV | Recommend this post (1)
Sun, 24 Dec 17 1:36 PM | 45 view(s)
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Msg. 40846 of 47202
(This msg. is a reply to 40819 by capt_nemo)

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Tax cut euphoria? Sure hope we actually get one. Very badly needed, fingers crossed.

On top of this, the hiking of interest rates [on credit card balances] is going to put a lot of people underwater.




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The above is a reply to the following message:
Is this stupid? or is it just me,,,,,, US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge
By: capt_nemo
in POPE IV
Sun, 24 Dec 17 8:55 AM
Msg. 40819 of 47202

As a reminder, the 13-week annualized credit card balances in the U.S. have gone completely vertical in the last few months of 2017, a troubling sign and yet another confirmation that US household savings are almost gone.

Continue Reading...http://www.shtfplan.com/headline-news/us-consumers-tap-out-personal-savings-rate-plunges-to-10-year-low-while-americans-splurge_12222017


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