Surging Credit Card Debt Concerning
WJR Business Beat
English - March 19, 2024 07:00 - 2 minutes - 2.23 MB - ★★★★★ - 2 ratingsEntrepreneurship Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Retail sales data indicates a possible slowing in consumer spending. Contributing to this is rising US credit card debt. Not only the reality of interest rates, consumers must now pay on their unpaid balances, but many consumers have tapped out their available credit. That is indeed likely impacting consumer spending.