Relevant and even prescient commentary on news, politics and the economy.

Credit Card Debt and Interest Rates

Just Released: New Data on Record Credit Card Debt & Interest Rates – WalletHub, Diana Polk WalletHub analyzed Federal Reserve data released today and found that credit card debt hit a new record high of $1.27 trillion in May 2024, which is 4% higher than last year after adjusting for inflation. With the average credit card APR now even […]

Addressing Credit Card late fees and Supply Chain Pricing

My beef has been with the Supply Chain. Yep, you can be forced into manufacturing less product due to part shortages. Unless you are air freighting that stuff or running OT, costs do not necessarily increase due to producing less. Another situation? In 2008, the calls would come in about raising prices in a take […]

Healthcare Debt Nearly Pushed Them On to the Streets

The article (example) is about one person suffering from an ailment at 19. Hospitalized at an out-of-network facility, the burden of costs for treatment were his responsibility due to insurance denial. A particular issue with commercial healthcare insurance not covering the costs of treatment because you went to the wrong doctor, etc. for care. More […]