Originally posted by: PJ Stroh
And dont forget - a Record number of 401k Millionaires in the US
It makes sense credit card debt went up. The economy is no longer closed like it was at the end of the Trump Administration....and people are no longer getting checks from the government to supplement their income. Nines notes that in such an environment people are spending more with less income? I would certainly hope so. Thank you, Captain obvious !
But the record spending flies in the face of those who say "we cant afford to buy anything anymore". America is buying quite a lot.
But tell ya what - lets take a snapshot now of GDP growth, unemployment levels, inflation, stock market growth, national debt and compare it to 4 years from now. Republican pundits are already making excuses as to why Trump is going to fail again.
Explain to me how record CC debt of American consumers is expected / desirable again? Youse guys and your funny math stuff ( reminds me of the US Congress math sins). Your last paragraph is reasonable, though. And it doesn't matter what any pundit ( R or D) is saying right now, does it? Those people don't have very good track records as far as specifics, generally speaking.
