Basically people are renting money so they don't have to wait until they've saved up for what they want. That can be risky.
And interest rates?
Biden's foolish spending is causing interest rates to go up, price of groceries to go up, prices of housing to go up... and the price to rent money to go up. Elections have consequences...
Biden’s home state of Delaware is largely responsible.
Glenn Beck had a report on a few days ago that said ALL major indicators show a price increase of ≈ 33% on everything across the board since 2020.
My grocery bill alone tells me this is true - along with my utility bill.