Prepare for Severe Impacts of Nationwide Mass Evictions! The US Credit Card Debt Crisis Begins
Although the mainstream media is praising how much money Americans saved over the last couple of years and how much debt was paid off, recent data shows Americans are once again falling into debt and increasingly relying on credit cards to pay their bills.
With the end of the eviction moratorium, some people are faced with a choice between homelessness or credit card debt. For those who have the option, paying their rent with credit cards is the only way out, as many Americans have done in the last couple of years.
If the situation continues this way, the U.S. will fall into a massive credit card debt crisis. Most rentals in the USA are mom-and-pop operations, so debt and evictions don’t only affect tenants themselves. There will be consequences for the government recklessly printing money and for those who foolishly squandered away their money and expected the government to bail them out.
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