We knew it was coming...
https://www.zerohedge.com/economics/all-sudden-it-came-halt-after-posting-fresh-records-just-months-earlier-rv-industry
Forum Discussion
JimK-NY wrote:PButler96 wrote:
Plenty of folks have started tapping into savings to maintain their standard of living, and even more have started to access credit to do the same, both are unsustainable and will run out, and the credit option is a double whammy with rising interest rates.
Maybe your predictions will come true eventually, but for now credit card debt is considerably behind where it was before the start of Covid. Personal savings rates shot up during Covid due to the massive stimulus packages but are still at about the average for the 20 years prior to Covid.
https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/
https://fred.stlouisfed.org/series/PSAVERT
You're misinterpreting the data provided in your own links and one of them is from the Fed. The Fed is controlled by those who will lead you to believe inflation is 9% when prices have rose 20-30% across the board for almost everything. The same folks who call energy prices dropping 3% after they rose @ 50% a win.
