We are in trouble, credit card delinquencies just shot up, economy will get whacked
In this video, we're talking about credit cards and credit card debt. We're also discussing how credit card delinquencies have just increased substantially as of recently. This is going to impact the economy in a major way as consumers are relying on credit cards to make ends meet right now as incomes have not been keeping up with rapidly rising prices. As a result, we are seeing significantly higher severely delinquent credit card accounts right now over the last year as consumers continue to borrow more and hold balances on credit cards. This is a major concern we need to continue watching this will directly impact the economy. We want to continue watching all of these details including consumer debt, credit card debt, credit card activity, inflation, purchasing power, economy and so much more.
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#Creditcard #Debt #Economy #ConsumerDebt  @blindtobillionaire #BlindToBillionaire