Nationwide, foreclosure filings in January were 36% higher than a year ago, according to Attom, an Irvine, Calif.-based firm that tracks foreclosure data. U.S. foreclosure activity has been higher annually for the past 21 months, according to the company. In a higher inflation economy, those households tend to spend a higher percentage of their take-home pay on necessities like food, gas and energy, and those costs are up even higher than the overall inflation numbers.
Total U.S. credit card debt — just shy of $1 trillion — is higher than ever due largely to Americans charging everything from groceries to gasoline in order to fill the gap between what they earn and what they spend.
All worth it for the crybabies who can’t stand to have their feelings hurt by mean tweets.