Americans Financially Crushed By Biden Economy
You could be affected as well.
If you’re reading this then you could also be one of the millions of Americans who unknowingly contributed a major problem caused by President Biden.
Credit card debt has skyrocketed in the United States thanks to inflation caused by President Biden’s handling of the economy. Is your credit card debt piling up as well?
According to Fox News, CreditCards.com has found that 60% of credit card holders have been holding a balance on their accounts for at least an entire year. in 2021 the rate was just 10%!
CreditCards.com’s senior analyst Ted Rossman explained, “Credit card debt is easy to get into and hard to get out of. High inflation and rising interest rates are making it even harder to break free.”
What’s worse is that lower income Americans are in the deepest financial trouble. 59% of individuals who earn less than $50,000 per year carry credit card debt from month to month.
49% of Americans who earn between $50,000 and $80,000 suffer from credit card debt and 46% for Americans earning between $80,000 and $100,000 a year.
Welcome to Biden’s America.
