There are a lot of "buy now, pay later" like Klarna/layaway type options people use especially for Christmas, it's not necessarily credit cards, it would be interesting to see a more specific stat

When I first saw that stat I was shocked, thinking it was referring to buy now pay later. Just sat there for a solid minute thinking about how wild that was. "I bought stuff, but I didn't finance it!" oh- I did. Credit card.

It's really not

people buying all their regular everyday purchases on credit is bad, actually

as he explains in the tweet, it's not the 95% that's really concerning, because of credit cards. it's the 67% that openly admit they'll need more than a month to repay this debt. apparently this group used to be 20%.

While I've heard this repeated my whole life ("it's called Black Friday because that's when we're finally in the black"), but I just have a really hard time accepting that the arch capitalists who run this country really operate the whole thing on a loss for 11 months and make all their profit in December? They rip us off every fucking day; there's no way they start making real money in December.

Or maybe because the fiscal year rolls in Sept or idk June, so they're showing profit after 3-6 months, which is maybe feasible

For all we know the economy could be in free fall for like 6 months now but no economic reports means no problem.

On one hand, watching the US get sanctioned and the whole thing crashing down would be funny. On the other hand, I do not really want to be watching that fireball explode while I have a front row seat also on Turtle Island...

I do kinda of feel like once the "war in Venezuela" goes official it'll just be that

Doesn't mean much since I assume it must also include all credit card payments. I'm sure there is plenty of bad news once you get into the details, but that number by itself isn't that surprising.

i read a stat that while 95% was financed (which just means they paid with a CC, which lots of people do for convenience) a full ~66% were NOT planning on paying this charge off during the 30 day grace period.. which means they are getting hit with the exorbitant interest fees. which, to me, is fucking crazy.

Weeks in decades, decades in weeks

I think this is indeed a thing that states that genuinely focus on the well being of the people should consider implementing. Something to set out a style guide for all government software and websites, and regulate user hostile design out of software made or distributed in the country (obviously, regulating appearance and such of UIs should be limited to preventing outright hostile designs, let the designers make their art, but government provided stuff should be cohesive and match each other aesthetically). We spend a lot of time staring at screens. Governments should be regulating away negative aspects of those experiences and tools for our physical and mental health that only exist because someone is getting rich by frustrating us or causing health harm through intentionally inefficient technology.