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Reply to "Why does it feel like people have unlimited budgets, even with crazy inflation?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Credit card debt levels and defaults are at record levels OP, that's how.[/quote] Rich people aren’t living in credit cards. That’s just non rich people trying to keep up.[/quote] DP but that’s *literally* the point. No one claimed the people spending are rich. “Why do all these people have seemingly unlimited access to goods and services?” Cuz they have credit cards, not because they’re rich. [/quote] That’s not an infinite source of funds. Credit cards have limits and at these rates no one can keep huddling them forever. It’s not sustainable.[/quote]
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