Saturday, June 5, 2021

There is Credit, as in Praise 

                  And Credit, as in Debt  

   Total outstanding credit card debt for Americans was $753 billion as of April. This is a 14.5 percent drop, year to year, due to stimulus checks and reduced spending during the pandemic. 

   However, other outstanding debt has increased.

   Total outstanding consumer debt in 2020 was $14.9 trillion, says Experian.

   Total student loan debt in the first quarter was $1.7 trillion says the Federal Reserve.

   Total mortgage debt in 2020 was $10.3 trillion, up 7 percent. 

   Total consumer debt for an average American in 2020 was $92,000. 

   Does this concern anyone?

Quotables

   "God gave us these children." A Malian man, whose wife, 25, gave birth to nine babies on May 4. All nine survived. 

   "We cannot legislate hate out of our people's hearts and minds." An Asian representative, about an Asian hate crimes bill the U.S. House passed in May.  

   "When I arrived, he was at the morgue and his internal organs were taken out." The wife of a Burmese poet, taken into custody for questioning. His writing had inspired resistance to the military, which took control of Myanmar in February.

       Jimmy 


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