Working people were forced to rack up over $46 billion in credit card debt between April and June to afford necessities.
Very important piece and I feel like this will only get worse. Your focus on the debt being for *necessities* is so so important in the overall discussion. Thanks, Jordan! ~ Jenn
The implication is that the consumer is tapped out, and increasing debt default rates will show up this winter as the economy slows.
Inflation Triggering Record Credit Card Usage
Very important piece and I feel like this will only get worse. Your focus on the debt being for *necessities* is so so important in the overall discussion. Thanks, Jordan! ~ Jenn
The implication is that the consumer is tapped out, and increasing debt default rates will show up this winter as the economy slows.