Wanna see a bubble? I’ll show you a bubble: US Credit card debt en route of reaching 1 Trillion in 2018.

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  • Before the holiday season even started, U.S. credit card debt stood at $808B on Sept. 30, or the end of Q3, according to the Federal Reserve Bank of New York.
  • That's $280B more than the previous high hit in 2008, at the height of the financial crisis that led to the Great Recession.
  • "The scary number – $1 trillion – we'll definitely hit in 2018," said Jill Gonzalez, an analyst with WalletHub.

source: Yoel Minkoff, Seeking Alpha

submitted by /u/JuanGuillermo
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $49768.63 USD  (via Coinbase)
1 ETH = $1684.77 USD  (via Coinbase)
1 LTC = $181.78 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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