Charles Payne warns of a collapse in American spending, citing steep declines in restaurant, airline, and lodging purchases. Bank of America data shows credit card spending stagnating as debt hits record highs. Rising interest rates are squeezing consumers.
i’ve never understood how it’s tempting to build up debt, you know you’re going to have to pay it back…
i find the concept of being in debt (other than owing my brother 20 bucks) to be kind of terrifying, 0 temptation.