Posted 3/11/2024, 12:00:00 PM
American Families Squeezed by Inflation and Rising Credit Card Debt
- Americans are drowning in record high credit card debt as cost of living rises faster than incomes
- Government spending has fueled high inflation, eroding real wages and forcing families into debt
- Interest rates have surged, making record credit card balances even more expensive
- Interest on national debt now costs over $1 trillion annually, limiting spending on infrastructure
- Federal Reserve money creation causes more inflation, further hampering families financially
