Avatar of admin


One Disturbing 'Headline' Speaks Volumes About Our Economy—and Helps Explain Sanders' Rise

August 27, 2015 in Blogs

By Steven D, DailyKos

Bernie Sanders' rise in popularity is due in large part to his willingness to speak the truth about the real economic struggles.

You have all seen those click bait titles at the end of some article you've read, trying to grab your attention.  The one's that begin “One weird trick …” have become both a joke and a cliche, and yet people still click through to the link.  Why?  Well, I finished reading an article on a sports site this morning, that was definite click bait material, but in a way that I found profoundly disturbing.  What was the title you ask?  Well here it is:

An Extremely Brilliant Way To Avoid Paying Interest

On Your Credit Card Balance

I'm not going to give you the link.  That isn't the point.  What that click bait ad title implies, and not so subtlety, is that there are large numbers of people desperately struggling with a large amount of personal debt, whether debt incurred to pay for basic necessities such as food, shelter, and clothing, or debt incurred to pay off past debt back when they had a better job, or any job at all. Or people with large medical debts to pay off, because many do, despite the improvement in the cost of health insurance the ACA has helped bring about for many families, but sadly, not all. Or so many younger (and not so younger people know) with large amounts of student loan debt.

Not to mention the far more worrisome massive increase in personal credit card debt over the last year.

Credit card debt is ballooning, leaving American households with a net increase of $57.1 billion in new credit card debt in 2014, according to a new survey from CardHub. The credit card comparison site said it's forecasting new credit card debt will rise 5 percent in 2015, reaching $60 billion this year.

While the increased spending could signal that Americans are feeling more sanguine about their prospects and the economy, it's also a cause for concern given that most workers aren't seeing the type of wage growth that would support …read more


Leave a reply

You must be logged in to post a comment.