US Credit Card Debt Offers Ominous Sign for Economy | Presented by CME Group
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- čas přidán 12. 09. 2024
- Consumer credit card debt breached $1 trillion for the first time in late 2023, a disturbing milestone for the US economy. Since two-thirds of US economic activity is comprised by consumer spending, can the consumer continue to fuel the economy? Presented by @cmegroup: www.cmegroup.c...
Well you know what they say, leadership starts at the top. Perhaps the government should get it's fiscal house in order and lead by example.
I gotta have them $100 Nikes.
$1400 iPhone!
this one is easy...companies chose not to increase the pay to keep up with the inflation...instead, the executives and the big investors keep racking up cash like crazy. How do middle and low classes pay their bills? It's not just the everyday grocery; it's the medical, insurance and...yes, taxes! the US gov't is only interested in fattening its corporate sponsors.
Rate-Cuts do heighten the Debt Problem Bro!
Reduce default rates though which is all these guys care about.
36% of adults have credit debts?!
@@matsk3601 more than emergency savings, the overall number would be greater
Duh. "Buy now pay later" is widespread in the US and considered a credit card debt if consumer paid with a card. Doesn't mean these debts wouldn't be repaid really fast.
Buy visa and Mastercard?
Take that in it’s 1/10 the mortgage market.
Still they spend more and more as consumers are not bothered at all. Going from 8.8 to 10.9% delinquency rate over 3 years is nothing. This video is an "ominous" doom-preaching clickbait.
What's the US national debt? Lol
Blah blah blah stocks and the economy and prices only go higher 🎉🎉🎉
Sorry but you are very naive. Best look beneath the surface.
American spending habits has always been a joke among asian american circles, at least since the 90s if not longer. We just cannot fathem how so many Americans just can't control their spending and live within their means, when we asians always saved 20% or more and is allergic to debt. To see others take out loans and max out their credit cards to go on vacation, we just laugh, only in America can people be so irresponsible with their spending. Well that explains why the elected officals can limit government spending either. 😂
When u say Asian American u mean those of yellow skin descent….
If u go to Malaysia, which is an asian country, u can see those Malay (brown skin asian) have the spending habits as if they will die tmr and money is haram to them…..
Fooool
@SashaYanshin