Americans' credit card debt reaches new record high: New York Federal Reserve 2025

Inflation continues to get worse, credit card debt just hit a NEW record high of 1.21 trillion, and since all of the government data we receive regarding wage growth, inflation and unemployment are incorrect, it is pretty apparent that wages are not keeping up with inflation according to the new data. This is a paycheck crisis where the cost of living has gone up more than double the average persons wage over the past year.
#genz #millennials #boomers #america #economy #inflation #costofliving #hyperinflation #genx #jobs #jobmarket #layoffs #college #genz #studentloans #debt #comdey #cars #carpayments #housingmarket #rent #burnout #recession #finance #moderndating #ebay #independent Hyperinflation #middleclass #middleclassfamily #millennials #boomers #9to5 #vanlife #ai #earth #nasa #strange #bizarre