Federal student loan payments are about to be due for the first time in three years. Many borrowers will be juggling new debt payments on top of their loans.
If you actually click through the links, it’s 53% have “added a credit product” where that credit product is a bank credit card. Says nothing about their debt increasing.
So, 53% of a bunch of 20-somethings opened at least one credit card in a 3 year span when almost all commerce went online and the retail stores that remained stopped accepting cash.
Maybe there’s concerning data out there but this isn’t it.
If you actually click through the links, it’s 53% have “added a credit product” where that credit product is a bank credit card. Says nothing about their debt increasing.
So, 53% of a bunch of 20-somethings opened at least one credit card in a 3 year span when almost all commerce went online and the retail stores that remained stopped accepting cash.
Maybe there’s concerning data out there but this isn’t it.
Gotta spin that narrative of irresponsible kids spending money recklessly tho