Re:How This Ends
by nemo44x on Sunday May 22, 2022 @12:26PM
(#31469885)
Credit card debt is extremely high right now and subprime loan defaults are rising fast. In essence, a lot of people are tapped out.
[ Parent
| on HN ]
Credit Card report https://www.newyorkfed.org/microeconomics/hhdc
New all time high
Re:How This Ends
by heartbreak on Sunday May 22, 2022 @01:48PM
(#31470821)
The relevancy of a report from February 2020 is…not great.
My bad, wrong link, I've updated.
Your current link says "Credit card balances declined by $15 billion"
> "Credit card balances declined by $15 billion, in line with seasonal trends typically seen at the start of the year, but are still $71 billion higher than in 2021:Q1, representing a substantial year-over-year increase."