This trend caused by Biden, of consumer credit default, caused by normal working class people being unable to pay their bills, will undoubtedly continue at least for some period of time into the Trump presidency until he is able to correct it. I predict they will blame it on trump even though it's an effect of Bidenomics.The Biden economy is great for the rich, not the working class.https://www.newsweek.com/credit-card-defaults-skyrocket-americans-unable-pay-their-debts-2007843Credit Card Defaults Skyrocket as Americans Unable To Pay Their DebtsDefaults on credit cards in the U.S. have spiked significantly in the last year, according to a new report.Credit card lenders wrote off $46 billion in seriously delinquent loan balances in the first nine months of the year, the Financial Times reported, citing industry data collated by BankRegData.The amount is up 50 percent from the same period last year and is at its highest level since 2010.Newsweek has contacted consumer credit research firm WalletHub for comment.Why It MattersThe numbers indicate that many Americans are struggling to pay off their credit card debt after years of high inflation.High prices and economic concerns were a major reason that voters in November chose President-elect Donald Trump, but his threats to impose tariffs on imported goods could further raise prices for Americans and exacerbate their financial struggles.What To KnowCredit card balances have soared in recent years, with the total amount U.S. consumers owed topping $1 trillion for the first time in 2023. This has been scientifically proven to be Biden's fault. Trust the science.Americans now owe a record $1.17 trillion on their credit cards, according to a recent report on household debt from the Federal Reserve Bank of New York.Credit card balances rose by $24 billion during the third quarter of 2024 and are 8.1 percent higher than a year ago, the report said.
>>1371773In other words, chuds btfo. They're going to be so broke by the time Biden's done with them they'll all be dying of AIDS lmao
Joe Biden tipped over my trash last night
>>1371778Bidenomics makes the working class poor
>>1371782Bidenomics killed raped my mom and sold my sisters into slavery.
>>1371773>thinking newsweek.com is credible news source
>>1371784Go away faggot
>>1371773>This trend caused by BidenBiden hasn't done shit his entire administration except for vacation and have other people make all the decisions.This was caused by the radical progressives making decisions in his stead, because he's been too senile to do his job
>>1371783Bidenomics $ trickled down to me, pure gold. As a piss stream down my back
>>1371804Are you now homeless?
OP is a faggy troll panicking they're about to lose a scapegoat
>>1371811Lmao! Why would someone who hates Biden be panicking now that him and his entire party all got booted out during our latest election?Dumb ass faggot.
>>1371773>I predict they will blame it on trump even though it's an effect of BidenomicsAs your current woes are the ripples from trump's last stint in power, you'll be correct in thinking people will assign blame there. Something like a country is a little like an oil tanker, you can steer 'right' but you're not going to see any effect of that until you've covered a couple of miles. And oil tankers don't cover distance quickly. >This has been scientifically proven to be Biden's fault. Trust the science.I'm calling bullshit. Provision the science. Remember, science has independantly reproducable results. It is however provable that every move trump has advertised he wants to make (and has started backpeddling on almost all either due to the unfeasibility of enactment or the consequences of doing so) will cripple your economy further.Most of your issues now are consequence of trump's last turn in office. That which isn't, is largely a direct consequence of unchecked greed and is something that's existing on a layer above "biden" or "trump" and is applicable to places that isn't "murrica" too, places where 'trump' or 'biden' isn't a significant factor so isn't even a contributary cause.>Americans now owe a record $1.17 trillion on their credit cardsSo, by your posit, god emporor trump will of made everything better and in three years time and this number should be vastly different. Care to take a wager on this? It moves down - I'll be generous and allow for any down caused by debt repayment, excluding things like debts magically being vanished - and I'll tattoo "I love trump" across my forehead. If in three years time it's 3x higher or greater as I predict you tattoo 'I love biden' across yours?A result falling between these outcomes and we both throw a tenner into some random charity or suttin. Tho it should really be you a tenner n me seven fiddy 'cause your currency is low value.
>>1371813>Why would someone who hates Biden be panicking now that him and his entire party all got booted out during our latest election?Because, as previously explained in the post you respond to, you will lose your scapegoat. Won't be long before you'll be forced to accept reality.Dumb ass faggot.
Hey feds enjoy your 1.95% raise this year,don't spend it all in one place
>>1371847making more money is bad because reasons
Biden ate my last piece of birthday cake even though I very clearly wanted it.
>>1371854That son of a bitch is going to pay for what he did.
>>1371842>As previously explained in the post you respond to, you will lose your scapegoatNo, America will lose a shitty leader and trump is going to inherit the difficult job of cleaning up the pieces.Biden will still be blamed for these problems he caused.
>>1371873Trump is the shitty leader. You people would blame Biden for cancer existing and chuds would believe it.
>>1371874The problem is all of America's unaffordable housing costs, credit defaults, homelessness, illegal immigration, all exploded under Biden. I'm sure several of these things aren't going to be as easy to stymie as let's say illegal immigration.You people have no memory. You will forget all these things exploded under Biden and until trump corrects them, you will literally believe it started under trump and it's his fault.
>>1371876anon these are all problems stemming from Trump's first admin. Biden's overall effects will take even longer to be seen.
>>1371878Lmao. How can you even blame illegal immigration on trump? One of Biden's first actions coming into office was repealing a bunch of executive orders that secured the border in an instituting catch and release policies. You are lying.
>>1371842>>1371874>>1371878>Says conservatives will lose their scapegoat when Biden leaves office>Continues to scapegoat someone who left office 4 years agoYou people are cognitively dissonant
>>1371881>You people are cognitively dissonantEvidence suggests otherwise.>Continues to scapegoat someone who left office 4 years agoCritically, the differences are actual responsibility as opposed to pervcieved blame and even more importantly, the fact he's about to re-enter office making the series of blunders from his last stint incredibly relevant. But don't worry any. This time he's shuffling the pieces on the board so he won't spend as much time getting told "no" this time around, so the damage limited by spending most of the time playing golf will be mitigated on this run.
>>1371810Is that where the bar is with Bidenomics?ie: If you are not homeless then you are fine
