56 million Americans have been in credit card debt for at least a year. ‘We are seeing pockets of trouble,’ expert says

return2ozma@lemmy.world to News@lemmy.world – 186 points –
56 million Americans have been in credit card debt for at least a year. ‘We are seeing pockets of trouble,’ expert says
cnbc.com
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I wonder, could it be because prices of everything except gasoline have jumped 60% in the past 2-3 years for no real reason?

This still boggles my mind. My Old Spice pomade jumped from $4-$5 for 2.6 oz container to $10 for a 2.4 oz container and I'm supposed to go about my day thinking this is how things should be right now? Granted it's somewhat of a luxury item and there are various other products that are similar or even worse that are more of a necessity, but it proves my point in how much products have jumped in price for no fucking reason other than greed.

There’s so much stuff now that I’ll only buy if it’s on sale… and the sale price is what a regular price was 2 years ago.

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