Official Boasts Credit Card Spending Is 'through the Roof'

Thursday, May 07, 2026

A senior Trump official has boasted that Americans' credit card spending is "through the roof" as millions across the country grapple with soaring costs of living including high gas prices, a slow job market and inflation.

Posted by lamplighter at 11:33 PM | 9 COMMENTS | permalink | Comment on This Entry |

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Hassett on American consumers: "Credit card spending is through the roof. They're spending more on gasoline, but they're spending more on everything else too."

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-- Aaron Rupar (@atrupar.com) May 6, 2026 at 9:19 AM

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... After stating that the jobs market is going to be "very, very strong," Hassett, the president's top economic advisor, continued: "In fact, I had the head of one of the big five banks in my office yesterday going through the credit card data.

"And just as Secretary [Scott] Bessent said, credit card spending is through the roof. They're spending more on gasoline, but they're spending more on everything else, too."

The backlash to Hassett's remarks was immediate. "Working class Americans are maxing out their credit cards to pay for groceries and gas," Democratic Representative and House Minority Leader, Hakeem Jeffries, posted on X. "The Trump Cartel thinks this is something to celebrate. Shameful." ...

#1 | Posted by LampLighter at 2026-05-07 05:48 PM | Reply

Not the flex he thinks it is.

#2 | Posted by LegallyYourDead at 2026-05-07 06:37 PM | Reply

WE'RE SPENDING MORE ON EVERYTHING BECAUSE EVERYTHING IS MORE EXPENSIVE, YOU DOLT

#3 | Posted by LegallyYourDead at 2026-05-07 06:38 PM | Reply

These mooks are math morons. Credit card balances are soaring, and that's a GOOD thing?!?

No wonder they can't understand percentages.

#4 | Posted by Danforth at 2026-05-08 12:02 AM | Reply

Credit card balances are soaring, and that's a GOOD thing?!?

It depends who you are.

#5 | Posted by REDIAL at 2026-05-08 12:09 AM | Reply

He's so pleased.

#6 | Posted by fresno500 at 2026-05-08 12:13 AM | Reply

"It depends who you are."

True.

And Scott Bessent wonders why folks just don't sell one of their six houses to pay the bill.

#7 | Posted by Danforth at 2026-05-08 12:17 AM | Reply

The Trump administration is made up of nothing but wealthy elites who are tone deaf to the everyday economic challenges THEY'VE caused with wars of choice and tariffs.

#8 | Posted by AMERICANUNITY at 2026-05-08 12:23 AM | Reply

They've accomplished nothing positive on behalf of America or Americans. They've only stripped positives that benefited 99% of us.

Only Wall Street-types have benefited.

Hey, America's history is taking two steps forward and one step back. We could be reaching a turning point after Bush and Trump. Gen X and Z realize that thanks to Republicans the American Dream is out of reach. A tidal wave in November could be the start of a period all of us let all of them know this is a democracy, and the majority of us haven't benefited as billionaires build bigger megayachts and take more and more.

#9 | Posted by AMERICANUNITY at 2026-05-08 12:31 AM | Reply