“U.S. Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time”
August 9, 2023
https://finance.yahoo.com/m/1f9b0a3e-858d-3724-bcb4-0dfe23a5d302/u-s-credit-card-balances.html
This article is behind a pay wall but I want to comment on something. Now is the worst time ever to have bad debt. This is prime time to pay debt off. Keep some reserves. The biggest investment opportunity of our lifetime is ahead of us. None of you want to miss out on this. I can’t stress this enough. For your own sake if you have debt pay it off A.S.A.P. Start saving. The time to take out loans will be after the markets have major corrections.
Now is the time to make money. Not during a economic boom. Recessions and depressions is where the real money is made. This is the time everything goes on “discount” for lack of a better word.