America

The United States Libertarian Party posted today at Twitter a celebratory post regarding Javier Milei who is one of the two candidates for the presidency of Argentina in a runoff election taking place today. First, the tweet referred to Milei as the “most successful Libertarian political candidate of this generation” who “has a chance to shock the world today.” Then, it wished him “Good luck” and expressed the desire that he “Set an example for what could be in America.”

Hmm. Is this heavy praise merited?

Visualizing America’s $1 Trillion Credit Card Debt

Americans’ collective credit card debt surpassed $1 trillion for the first time in Q2 2023.

Between April 1 and June 30, total credit card balances rose by $45 billion compared to Q1 2023, to $1.03 trillion.

This chart uses data from the Federal Reserve Bank of New York and WalletHub to illustrate the growing credit card debt in the United States.

Over $10,000 Balance per Household