Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York said.
      • No_Eponym@lemmy.ca
        8·
        4 months ago

        mind, body and soul

        And your air, and your water, and you land, and your government, and your laws, and your freedom, and your culture, and the minds, bodies and souls of any generations yet unborn, as well as the sacrifice of the potential minds, bodies and souls of generations not born due to the Great Tithe we all must pay in solemness and obedience. Amen.

    • Zipitydew
      7·
      4 months ago

      We’re back on pace for where we would have been pre-pandemic.

      People chilling out on spending and/or paying down their debt during the pandemic was the weird part.

      • The Quuuuuill@slrpnk.netEnglish
        7·
        4 months ago

        Prices weren’t jacked to the moon yet and we weren’t commuting. The market readjusted back to torture levels…

        • Zipitydew
          10·
          4 months ago

          People stopped traveling too. This year the record for US domestic flight passengers has been broken and reset multiple times.

          Lot of my colleagues are doing bucket list vacations because they don’t give a fuck about saving anymore. They’re convinced the world is ending so everyone millennial and down shouldn’t bother saving.

          And I can’t say I disagree with that outlook. But I’m still maxing my 401k to be safe.

  • CaptDust
    26·
    4 months ago

    credit card companies could lower their APRs in response to a rate cut by the Fed, LendingTree credit analyst Matt Schulz told CBS News, providing some relief for borrowers in the months ahead.

    Why in the world would they do that? Has anyone ever seen their credit APR decrease, ever?

    • WindyRebel@lemmy.world
      4·
      4 months ago

      Jesus. We could only hope. I just bought a new car and I know it’s not a credit card, but even with my credit score in the 800s and a third of the vehicle price downpayment, the payments are fucking ridiculous at almost $600 all because of APR! I shopped around for financing too.

      Maybe I missed something and am an idiot, but that’s what everything was telling me and even after applying with my bank, seeing what the dealer would offer, and checking some other sources, 5.8% was the best I could get.

  • Blackout@kbin.run
    7·
    4 months ago

    The things I would buy with a trillion dollar credit limit! Probably a 2nd air fryer.