Re:US credit card defaults jump to highest level since 2010
by ethagnawl on Monday December 30, 2024 @04:47PM
(#42553919)
> All this to say, the first thing to go is the credit card payments, then the car payments, and finally the mortgage payments.
I do wonder how much of these credit card balances are people paying ~$3.50 per gallon to fill up and kit out SUVs and trucks they're paying ~$700 a month for.
As someone who strives to spend/save responsibly and drives wholly owned used cars and is still a few paychecks away from disaster, I do not understand how working/middle class people are keeping up with these costs. I notice our local Chevy dealership is also full to the brim (literally covering all of the grass on their lot) with new trucks and SUVs. I would love to better understand who is buying/leasing those vehicles and how they're keeping them on the road -- for now.
I do wonder how much of these credit card balances are people paying ~$3.50 per gallon to fill up and kit out SUVs and trucks they're paying ~$700 a month for.
As someone who strives to spend/save responsibly and drives wholly owned used cars and is still a few paychecks away from disaster, I do not understand how working/middle class people are keeping up with these costs. I notice our local Chevy dealership is also full to the brim (literally covering all of the grass on their lot) with new trucks and SUVs. I would love to better understand who is buying/leasing those vehicles and how they're keeping them on the road -- for now.