☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 days agoTotal US credit card debt having just hit a record $1.1 trillion, up $363B since 2021. That's $7.3B a month. Buy Now, Pay Later schemes, projected at $117B this year, aren’t even counted.fred.stlouisfed.orgexternal-linkmessage-square23linkfedilinkarrow-up194arrow-down10cross-posted to: usa@midwest.socialusa@lemmy.ml
arrow-up194arrow-down1external-linkTotal US credit card debt having just hit a record $1.1 trillion, up $363B since 2021. That's $7.3B a month. Buy Now, Pay Later schemes, projected at $117B this year, aren’t even counted.fred.stlouisfed.org☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 days agomessage-square23linkfedilinkcross-posted to: usa@midwest.socialusa@lemmy.ml
minus-squaretricerotops [they/them]@hexbear.netlinkfedilinkEnglisharrow-up28·7 days agowow i didnt know thats how the 0% financing works. holy shit. that should be illegal.
minus-squarecame_apart_at_Kmart [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up26·7 days agoit isn’t always like that, but I’ll be damned if every one doesn’t have that kind of bomb baked into it. we should all be very wary of the people and places offering 0% interest when banks want 5%.
minus-squareCat_Daddy [any, any]@hexbear.netlinkfedilinkEnglisharrow-up11·7 days agoThis is the key. Nobody gives money away. They government doesn’t even give money away. Hell, the government doesn’t even give money to itself.
wow i didnt know thats how the 0% financing works. holy shit. that should be illegal.
it isn’t always like that, but I’ll be damned if every one doesn’t have that kind of bomb baked into it.
we should all be very wary of the people and places offering 0% interest when banks want 5%.
This is the key. Nobody gives money away. They government doesn’t even give money away. Hell, the government doesn’t even give money to itself.