s*********8
发帖数: 901 | 1 Americans spent an unexpected $52 billion over Black Friday weekend, and now
it's becoming clear how we managed to afford this shopping spree: we
charged it. New Federal Reserve data shows that consumer borrowing surged by
$20.4 billion in November -- the highest month-over-month increase in a
decade. Retailers' happy holidays are coming at the expense of consumers,
and one expert warns that when the bill comes due, it's not going to be
pretty. The total volume of outstanding debt the nation carries is now up to
nearly $2.5 trillion, not including mortgages. Our credit card debt, which
rose $5.6 billion in November, is up to $798 billion. This is the highest it
's been all year (although it's still slightly lower than the approximately
$800 billion in credit card debt we carried at the end of last year).
These figures, high as they are, don't even include the rest of what the
retail industry described as a positive holiday shopping season, which means
we can probably expect more of the same when December's data is released
next month. (MORE: 5 Credit Card New Year's Resolutions.)
Curtis Arnold, founder of the site CardRatings.com, says a lot of this
increase can be attributed to the growth of aggressive offers from credit
card issuers that promise 0% APR for balance transfers or purchases. "I
think there's a direct correlation," he says. "The number of offers out
there is proliferating" and the length of the promotional periods are
growing, which Arnold says tempts consumers into adding to their overall
debt load.
"You can ride those offers for only so long," he warns. Come summer or fall,
when the teaser rate expires, consumers could get a rude awakening. Some
will be able to roll these new debts into yet another 0% offer, but that's
dicey, Arnold warns. Really piling on the debt makes it less likely that a
lender will extend additional credit. If the economy takes a turn for the
worse and more people become delinquent on payments, issuers could curtail
those 0% offers. (MORE: A Better Way To Pay Off Debts.)
"The telling thing about this is borrowing is really up, but at the same
time our savings rate is down and our income growth is not even keeping up
with inflation," Arnold says. For consumers who took advantage of credit
card 0% APR offers, it's a warning: Pay off those charges before the teaser
rate expires or risk being trapped with high-interest debt. | p******u
发帖数: 14642 | 2 人均70米刀而已啊
now
by
to
which
it
approximately
【在 s*********8 的大作中提到】
: Americans spent an unexpected $52 billion over Black Friday weekend, and now
: it's becoming clear how we managed to afford this shopping spree: we
: charged it. New Federal Reserve data shows that consumer borrowing surged by
: $20.4 billion in November -- the highest month-over-month increase in a
: decade. Retailers' happy holidays are coming at the expense of consumers,
: and one expert warns that when the bill comes due, it's not going to be
: pretty. The total volume of outstanding debt the nation carries is now up to
: nearly $2.5 trillion, not including mortgages. Our credit card debt, which
: rose $5.6 billion in November, is up to $798 billion. This is the highest it
: 's been all year (although it's still slightly lower than the approximately
| s*********8
发帖数: 901 | 3 Assume everybody has a card. | t*****9
发帖数: 10416 | 4 everybody has over 20 cards ~~~~~~~~lol
【在 s*********8 的大作中提到】
: Assume everybody has a card.
| T*R
发帖数: 36302 | | s*********8
发帖数: 901 | 6 everybody has only $1000 in credit card debt in total , which is not bad at all. LOL | s*****r
发帖数: 11545 | 7 贪婪无耻，爱慕虚荣，好逸恶劳。
now
by
to
which
it
approximately
【在 s*********8 的大作中提到】
: Americans spent an unexpected $52 billion over Black Friday weekend, and now
: it's becoming clear how we managed to afford this shopping spree: we
: charged it. New Federal Reserve data shows that consumer borrowing surged by
: $20.4 billion in November -- the highest month-over-month increase in a
: decade. Retailers' happy holidays are coming at the expense of consumers,
: and one expert warns that when the bill comes due, it's not going to be
: pretty. The total volume of outstanding debt the nation carries is now up to
: nearly $2.5 trillion, not including mortgages. Our credit card debt, which
: rose $5.6 billion in November, is up to $798 billion. This is the highest it
: 's been all year (although it's still slightly lower than the approximately
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