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Consumer Debt Explodes Higher as Americans
Grapple with Bidenflation

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Posted By: ladydawgfan, 11/6/2021 10:44:51 PM

Consumer borrowing accelerated by far more than expected in September, as American households dealt with rising prices by swiping their credit cards and taking out more loans. Total consumer credit increased $29 billion, up from a $13.8 billion gain in August, according to data released by the Federal Reserve Friday. Economists had been expecting a $15.5 billion gain, according to Econoday. That’s a monthly gain of 0.7 percent, well above the decade average of 0.4 percent. Compared with a year ago, consumer debt is up 4.9 percent. Consumer prices rose 0.4 percent in September and were up 5.4 percent compared with the prior September.


Food prices are up. Gas prices are up. Household utilities are up. Interest rates are up. Yup! Definitely a dem in office!!

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Reply 1 - Posted by: Come And Take It 11/6/2021 10:51:56 PM (No. 969740)
The creeping malaise sweeps across the nation again. We have endured this regime for 9 of the last 13 years - and little Bouche was no bag of apples, either. How much more?
4 people like this.

Reply 2 - Posted by: ussjimmycarter 11/6/2021 10:55:35 PM (No. 969742)
That’s Brandonflation!
5 people like this.

Reply 3 - Posted by: SALady 11/6/2021 11:02:45 PM (No. 969745)
And thanks to 13 turncoat Republi-Can'ts, it's going to get much, much worse!!!!! FJB!!!!!
11 people like this.

Reply 4 - Posted by: itsonlyme 11/6/2021 11:03:09 PM (No. 969747)
The Demented Furher knows that the price of ice cream will stay low in order to prevent the field Gestapos from paying a visit at manufacturing sites. The Demented Furher, by Furher Order, could "freeze" the price of ice cream going back to the beginning of the year. One never knows what the Demented Furher will do.
2 people like this.

Reply 5 - Posted by: Jethro bo 11/6/2021 11:06:30 PM (No. 969749)
I feel like Brandon is laughing and yelling, Let's Go America!
4 people like this.

Reply 6 - Posted by: DVC 11/7/2021 12:43:30 AM (No. 969773)
Sometimes getting a loan makes sense. Two friends have asked me for financial advice recently. Each was considering whether to take invested funds to pay off a loan. Each had a ~3% loan. My IRA made 10% return so far this year. Keeping the money invested and paying the interest still gives a 7% return on the money, while still keeping the loan. One was looking at paying off a $500K loan, or not. I pointed out that she'd be earning $50k annually, and paying out $15k annually, net gain of $35k by keeping the money invested and not paying off the loan.
2 people like this.

Reply 7 - Posted by: DVC 11/7/2021 12:45:08 AM (No. 969774)
Of course, building consumer debt, at huge interest rates is very dangerous, bad policy, foolish.
2 people like this.

Reply 8 - Posted by: NotaBene 11/7/2021 1:45:46 AM (No. 969790)
Gas is $5.19 and Super $5.60 in my neighborhood in California today.
5 people like this.

Reply 9 - Posted by: DVC 11/7/2021 2:11:25 AM (No. 969800)
#8, here in KC, the cheapest station is $2.99. Still terribly high compared to $1.59 that it was under Trump.
3 people like this.

Reply 10 - Posted by: singermom9 11/7/2021 3:06:18 AM (No. 969811)
And NOW biden wants to close another pipeline. The one in MI. THAT ought to help S/O
4 people like this.

Reply 11 - Posted by: Come And Take It 11/7/2021 3:50:39 AM (No. 969816)
It's above $4 a gallon again in downstate Illinois today, #8. If that jackass Xiden shuts down the Michigan pipeline, its going to go a hell of a lot higher in the Midwest.
2 people like this.

Reply 12 - Posted by: Trigger2 11/7/2021 4:37:30 AM (No. 969839)
Thanks Joey. Your commitment to trash the economy is working out swell to meet your grand master plan of putting everyone on the goobermint dole.
3 people like this.

Reply 13 - Posted by: F15 Gork 11/7/2021 6:37:28 AM (No. 969906)
IMHO, if you can’t pay off your credit card bill at the end of the month you are digging your own grave.....
5 people like this.

Reply 14 - Posted by: stablemoney 11/7/2021 9:56:44 AM (No. 970104)
Consumer debt is the worry of those that owe it, and those that loaned it to them.
1 person likes this.

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