We’re in Trouble: Credit Card Delinquencies Just Shot Up - Economy Will Get Whacked

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  • Опубликовано: 27 июн 2024
  • We are in trouble, credit card delinquencies just shot up, economy will get whacked
    In this video, we're talking about credit cards and credit card debt. We're also discussing how credit card delinquencies have just increased substantially as of recently. This is going to impact the economy in a major way as consumers are relying on credit cards to make ends meet right now as incomes have not been keeping up with rapidly rising prices. As a result, we are seeing significantly higher severely delinquent credit card accounts right now over the last year as consumers continue to borrow more and hold balances on credit cards. This is a major concern we need to continue watching this will directly impact the economy. We want to continue watching all of these details including consumer debt, credit card debt, credit card activity, inflation, purchasing power, economy and so much more.
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    #Creditcard #Debt #Economy #ConsumerDebt  @blindtobillionaire #BlindToBillionaire

Комментарии • 43

  • @JohnnyCollins-cv4gx
    @JohnnyCollins-cv4gx 4 дня назад +4

    It's hard to leave when you can't find the door

  • @user-zj4ku3wx1o
    @user-zj4ku3wx1o 4 дня назад +3

    No one needs a credit card, a man must live with in his means, if you can't afford it, you don't need it

  • @tinahodge6819
    @tinahodge6819 4 дня назад +4

    Had my identity stolen & couldn't afford an attorney to fix it.😢
    That was 20 yrs ago.
    No credit cards for me,,, just a debit card 🤷🏼‍♀️ for my SSI.

  • @joniphilyaw8457
    @joniphilyaw8457 4 дня назад +9

    This is ridiculous

  • @rebekahstarr8949
    @rebekahstarr8949 4 дня назад +5

    Good evening Matt. I’m trying to get mine payoff but I have to use it when I get it down. 😢it’s like you can’t catch a break. ❤❤

  • @ryancarver9901
    @ryancarver9901 3 дня назад +1

    I done folded on 7 of them . Couldn't keep up ruined a 730 credit score

  • @user-ed6zi2ws3e
    @user-ed6zi2ws3e 3 дня назад +2

    My interest is 32 percent it's ridiculous how high it is live alone sometimes don't have any choice mostly when I run short before SS comes in thanks for info God bless you for info God bless you and family ❤️🙏

  • @normasutton
    @normasutton 4 дня назад +10

    I don’t have no credit cards 💳 at all and I’m glad I don’t

  • @splashesin8
    @splashesin8 4 дня назад +2

    Having a credit card is very costly in time, as well as additional money, if you do not have the income to really support it. It is another way that being in poverty is made more expensive, because of giant up front deposits and additional risks of identity threats from businesses that are necessary and have no business with your ss number but demand it, for very basic services that are generally pay as you go so anyway, so again have no business extracting your ss number. It is a pressure to mandatorily buy unaffordable and unsustainable credit, to just exist. People did, just exist before this construct. Before all these constructs really. Not all that long ago. At least casinos don't pretend to be necessary.

  • @josephmennella2497
    @josephmennella2497 4 дня назад +5

    Holy s***

  • @jammin1984
    @jammin1984 4 дня назад +1

    Thank you Matt and Corey for this update. Have a nice evening and enjoy your weekend.

  • @daveperry2772
    @daveperry2772 2 дня назад

    I have a debit card where I put the amount on it at a 7/11. And when it’s gone the money that’s it! Until I fill it up with my money again.

  • @nickolaslempidakis7555
    @nickolaslempidakis7555 4 дня назад +3

    We need a simoulas check matt

  • @debrachatman2743
    @debrachatman2743 4 дня назад +2

    Thanks Matt have a blessed night ❤❤❤

  • @earlgunderson8878
    @earlgunderson8878 3 дня назад +1

    Isn’t it interesting that Joe Biden got his start in Delaware in the credit card business?!

  • @denisem270
    @denisem270 4 дня назад

    Unbelievable!!! Thanks Matt for the information!!! You and your family have a blessed night 🌉

  • @lindaprovencher289
    @lindaprovencher289 4 дня назад +3

    Thanks Matt.

    • @joeconiglio1288
      @joeconiglio1288 4 дня назад +2

      Good evening linda have a wonderful blessed day my sweet dear friend 😋😋😋😍😍😍😘😘😘🥰🥰🥰 and also sending you and your daughter some extra prayers 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼

  • @valerieaviles3752
    @valerieaviles3752 4 дня назад +1

    Most of them they don't give in

  • @lauriewambold1725
    @lauriewambold1725 2 дня назад

    Thanks for the information

  • @darryldrax606
    @darryldrax606 2 дня назад

    Thanks Matt for the information 👍

  • @tamekadavis9051
    @tamekadavis9051 3 дня назад

    Thanks for sharing this

  • @JohnnyCollins-cv4gx
    @JohnnyCollins-cv4gx 4 дня назад +2

    🌞WoW this is going to be a Hot and Crazy Summer 🌞

  • @Codered810
    @Codered810 4 дня назад

    Thanks Matt

  • @roybiedrycki4003
    @roybiedrycki4003 4 дня назад +9

    Fixed & low income need help that we haven't got in almost 4 years now!!!!

  • @hazelgreen6886
    @hazelgreen6886 4 дня назад

    Good Evening

  • @pammiller3711
    @pammiller3711 4 дня назад +1

    Hi Matt and Corey

    • @BlindtoBillionaire
      @BlindtoBillionaire  4 дня назад +1

      Hello, so nice to see you, thank you so much for watching, have a great Friday night, I’ll see you tomorrow morning. Corey says hi. Mad

  • @joeconiglio1288
    @joeconiglio1288 4 дня назад +4

    Good evening matt and your wife corey and your extended family and your RUclips family

    • @VegasLady81
      @VegasLady81 3 дня назад +1

      😂 Stop kissing this guy's ass, dude! He's not a billionaire and he's not really blind. All of you are always falling for his bullshit in all of his vlogs, can't you see he's not even blind!!

    • @VegasLady81
      @VegasLady81 3 дня назад +1

      You're a moron if you believe anything this fraudster says

  • @monasis5
    @monasis5 4 дня назад +3

    I've put in for the blind billionaires gift cards amazon boxes never get selected , so is it for the selected few that join your you tube Matt? Makes me wander I don't have time to be on you tube all the time, have more important things to do...😮😢😢

  • @patricadbauer5753
    @patricadbauer5753 4 дня назад +6

    I said it once I will say it again. What is Congress waiting for we need a new stimulus check.. and I get it the economy and isn't Biden wanting our votes or is he senile I'm a dedicated Democrat 😅

    • @Codered810
      @Codered810 4 дня назад

      Biden has shown us that he don't give 2 hoots about us. Won't be getting my vote no matter if we get a stimulus or not. He's had plenty of time to help us and hasn't. This country is in the toilet. Not sure we can ever repair it now

    • @lisamoorehouse7146
      @lisamoorehouse7146 4 дня назад

      Trumpers do not give stimulus checks!! Trump is taking SS away. 😊

  • @nickolaslempidakis7555
    @nickolaslempidakis7555 4 дня назад +5

    We need a simoulas check matt

    • @VegasLady81
      @VegasLady81 3 дня назад +1

      NEWSFLASH MORONS!!!! THERE AREN'T GOING TO BE ANYMORE STIMULUS CHECKS!!!! THE PANDEMIC IS OVERRRRR GET IT THROUGH YOUR DAMN HEAD!!!