Thursday, February 17, 2011

Why Credit Card Debt is Through the Roof

A new chart explains it all to me.. Though some spent like there was no tomorrow this loss of wages using the real CPI instead of the one we are told about by the government . The average Joe used his card just trying to stay even.. The dashed line is the real CPI

PS. I intend to use this blog more often as it allows me to post charts instead of a link to them.. A lot of readers never click through to see what the blog is talking about...
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1 comment:

  1. JuniorFebruary 18, 2011 at 9:00 AM

    That's about what it's felt like for me! Bankrupcty right in the middle of the wage plunge.

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