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patphil

(9,185 posts)

19. Bragging that credit card spending is through the roof?

Reply to BumRushDaShow (Original post)

Wed May 6, 2026, 10:55 PM

Wednesday

That's a BS way of saying that consumer debt is out of control and reaching an all-time high.
And that debt doesn't come cheap. Interest rates on credit card debt are in the 20-30% range.
This is a brutal way to maintain yourself and family. Once that debt gets to a certain point, it's almost impossible to get out from under it. There's interest on the balance and charges for usage that add hundreds of dollars to the debt each month.

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kcoates

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Highlight:

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