greyw0lv@lemmy.mltoPersonal Finance@lemmy.ml•Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year highEnglish
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2 months agoIts profit in the long run yes. But in short term extra people accumulating debt means less cash floating around the bank to put into other investments.
This can be an actual problem if it someone goes to withdraw their balance and the bank literally doesn’t have money becuse too many of their credit users spent the banks cash.
Not the only one apparently.
Also what about finger tips?