During the best economy ever. What will happen when the bottom falls out? That, we already know.
To that point, more than 1 in 3 Americans — or 91 million people— said they’re afraid they’ll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered a large purchase as anything over $100.)
“A healthy amount of fear is justified,” said Odysseas Papadimitriou, CEO of WalletHub. “Issues stemming from large purchases more often concern people making too many of them, for the wrong reasons.”
More than one-third, or 37%, also said they have already maxed out their credit card and 14% said they have maxed it out more than once. WalletHub polled more than 700 people in January.
Still, most Americans continue to take on ever-increasing amounts of debt. According to data from the Federal Reserve, the U.S. surpassed $1 trillion in credit card debt — the highest level since the Great Recession.
There’s a difference between being wary of something because it’s bad and being fearful of it, fear coming unnaturally and in defiance of man’s Spirit. Thus, it does go hand in hand with the satanic practices of sorcery and usury. Thus, the predation continues during what are allegedly good times. Your righteous Romans 13 government would cancel the debts and ban the evil. If you had one.