Consumers in the U.S. are increasingly using credit cards to pay for basic necessities as income gains fail to keep pace with rising food and fuel prices.
Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes - Bloomberg
The middle class who used to rely on their homes as savings have seen their home value plummet to where their mortgages are higher than worth of their houses..
This is the lowest Ive ever seen the middleclass in my lifetime, the worst postion they have ever been in...and the teaparty keeps RAGING how they need to rip the genitals off public workers and Abolish social security and medicare...
This is the most disgusting display of greed in my lifetime also...and I pray it all backfires and blowsup in their faces.. This is truly dispicable