• hark@lemmy.world
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    9 months ago

    Could be. The article tries to paint a picture where that isn’t quite the case:

    “Wells Fargo reported on Fed data showing several regions experiencing a tightening in credit availability and an uptick in delinquency rates, pointing to a growing financial burden on households.”

    “Specifically, the New York Fed noted an increase in financial pressure among families with high debt burdens. Similarly, the Philadelphia Fed observed a widening gap where low-income households are reducing their spending but incurring more debt, contrasting with high-income households that continue to spend freely.”

    It’s not a complete picture so I guess people are free to fill in the gaps as they please, but I don’t see anything definitive here.

    • CannedTuna@sh.itjust.works
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      9 months ago

      Well and the month they’re talking about happens to be November. Gee, I wonder why so many Americans were making purchases in November.

      • hark@lemmy.world
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        9 months ago

        Sure, but the graph in the article shows a continuing increase. November is when it crossed the $5 trillion mark, and it was surely boosted due to holiday shopping, but the trend is ever-increasing.