American credit card debt rose by 6% to $936.1 billion. That’s $10 billion more than in 2016. The current average household credit card balance in the US is $7,996. Interest rates have been rising and are adding to the accumulated debt. [Everyone knows that this cannot continue and cannot be fixed. The system is broken and, eventually, it must fall apart.] -GEG
Americans are racking up close to $1 trillion in credit card debt, according to a new study.
The study conducted by personal finance website WalletHub found that American credit card debt rose by 6 percent to $936.10 billion, up from $884.70 billion in 2016.
In the second quarter of 2017, U.S. consumers added $33 billion in debt with credit cards — the second-highest amount of debt since 2008.
WalletHub predicts that U.S. consumers will amass $60 million more in debt with credit cards by the end of 2017, pushing the total amount of credit card debt in America to $1 trillion.
The study notes that the average household credit card balance in the U.S. went up to $7,996 in 2017, up from $7,584 during the same period in 2016.
As long as individuals are required by law to pay into a system not of their choosing and without an option to leave, corruption will flourish and pensions will suffer. When coercion enters, virtue and excellence leave. The people of France are headed into a long conflict in which both of their options are doomed.
No violence occurred. Thank God our fears were unfounded that the Deep State might throw a few mind-controlled zombies into the crowd posing as Nazis or white supremacists to kill some innocent bystanders so the press could go bananas over the alleged need for gun confiscation.
Schweizer further disclosed that during the 2016 campaign, $83 million was channeled through a mysterious media-buying company called Old Town Media. The company was run by two of Bernie Sanders’ wife’s friends out of a suburban house in Virginia.
A survey conducted in 2017 found that more than 50% of families have no intention of having a second child, with many saying they believed it was too expensive. Japan and South Korea are also suffering from low birth rates and aging populations.
The Department of Education revealed that more than 18,700 suspected victims of child sexual exploitation were identified by local authorities in England in 2018-19, a major increase from 3,300 reported in 2013.
No one in these companies has claimed that any of this will reduce global warming to any appreciable degree. It’s all about making money, increasing taxes, and controlling people in the name of a supposedly good cause. It’s a great business for con artists.
A report concluded that the police overlooked crimes committed by an “Asian” grooming gang for fear of being called racist. Members of the Greater Manchester Police were told to focus on apprehending offenders of “other ethnicities”.
Hedge funds, globally, are in a financial tail spin, and many have already blocked investors from withdrawing their money. True to form, the Federal Reserve is preparing to infuse these firms with super low-cost loans that will help to bail them out – at taxpayer expense, of course.
The Oregon-based youth advocacy group, Our Children’s Trust, filed the lawsuit in 2015 seeking an injunction ordering the government to implement a plan to phase out fossil fuel emissions and draw down atmospheric carbon dioxide emission.
Florida state lawmakers have proposed a gun control ban on assault weapons, which are defined as “semiautomatic rifles and shotguns capable of holding more than 10 rounds of ammunition at once, either in fixed or detachable magazine, or any other ammunition feeding device.”
The governor of Puerto Rico fired the island’s emergency manager, Carlos Acevedo, hours after a warehouse filled with supplies believed to be from when Hurricane Maria struck the island in September 2017.
For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
US student loan debt stands at $1.5 trillion and cannot be erased through bankruptcy. The youth of America are captives to colleges and universities that hold a monopoly over credentials. A hundred schools have endowments worth over a billion dollars.
Georgia Democrat, Stacey Abrams, a former state representative, acknowledged that she owes more than $200,000 in personal loans, credit card debt, and IRS back taxes. She even admits that she did not understand that credit cards incur interest. In spite of this, she has gained strong popular within influential Democrat circles.