Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 11 months agoCredit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got herewww.cnbc.comexternal-linkmessage-square44fedilinkarrow-up1184arrow-down17
arrow-up1177arrow-down1external-linkCredit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got herewww.cnbc.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 11 months agomessage-square44fedilink
minus-squareinterceder270@lemmy.worldlinkfedilinkarrow-up1·11 months 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.”
Because they can. People have more to spend, so businesses charge more.
It’s called “maximizing profit.”