STOP SPENDING MONEY (Major Changes To ALL Credit Cards)

"they're proposing that late fees be limited to a maximum of eight dollars and ban fee amounts above 25 percent of the consumer's required payment"

"the average credit card user carried a balance of fifty eight hundred dollars over the last three months of 2022 which at the average interest rate of 21.6 percent means that Americans are wasting over twelve hundred dollars every single year in interest alone"

"the average holding period for an individual stock in the United States is now just 10 months down from five years in the 1970s"

"even mutual funds have an average holding period of just two and a half years"

"the stock market's also increased by an average of 18 percent the year after a substantial decline"

"25 to 50 of loans were given to customers who might not be able to afford them and lenders rarely verified income and employment"

"as many as one in five borrowers admitted in a survey that their applications for debt contained inaccuracies meaning fraud could be more pervasive than lenders planned for"

"almost 10 percent of auto loans extended to people with low credit scores were 30 or more days behind on payments at the end of the last year"

"JP Morgan expecting used car prices to Fall by as much as 20 percent in 2023."

"household debt did Skyrocket to the highest level since 2008 with an average balance of 142 thousand dollars"