Ignore It

[abbey1227]

It'll go away. 

Nearly 20% of Americans are afraid to check their credit card statements as interest rates approach an all-time high
Published Mon, Jul 25 20229:20 AM EDTUpdated Mon, Jul 25 202210:18 AM EDT
Kate Dore, CFP®

Key Points

As credit card debt swells and interest rates spike, many spenders are fearful about high balances.

Nearly 1 in 5 Americans are afraid to check their credit card statements, according to a recent survey.

“With rampant inflation and rising interest rates, it is even more important to check your card statements regularly,” said Matt Schulz, chief credit analyst at LendingTree. 

www.cnbc.com/2022/07/25/1-in-5-americans-dodging-credit-card-statements-as-interest-spikes.html?fbclid=IwAR0e6BCIaQU6oH70fkGjlNQq2xM9_LHdFYJ5yRH7l28n2ILo60ZpP_66Obo

[Prometheus]

CC rates go up because of the Fed trying to combat inflation. The idea is that people will reduce their demands and thus align with supply bringing prices down.

It's simple supply and demand... capitalism

[abbey1227]

Jul 26, 2022 23:11:01 GMT Prometheus said:

CC rates go up because of the Fed trying to combat inflation. The idea is that people will reduce their demands and thus align with supply bringing prices down.

It's simple supply and demand... capitalism

People going into credit card debt is simply another round of Rinse/Repeat behavior. Maybe they're the next large group to require a bail out/forgiveness?