▲ 177 ▼ Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here (www.cnbc.com) submitted 2 years ago by throws_lemy@lemmy.nz to c/news@lemmy.world 44 comments fedilink hide all child comments
[–] interceder270@lemmy.world 1 point 2 years ago Such a constant does not explain why now prices are rising. Because they can. People have more to spend, so businesses charge more. It's called "maximizing profit." permalink fedilink source parent