1120: Americans Are Throwing in the Towel on Credit Card Debt - Episode 1120
Podcast: Investing in Real Estate with Clayton Morris | Investing for BeginnersPublished On: Thu Jan 09 2025
Description: Americans’ credit scores have fallen for the first time in a decade. As always, the mainstream media is putting a positive spin on this – saying the economy is strong, or that these trends aren’t severe enough to signal financial distress. The truth is, this credit situation is destroying Americans' financial well-being. On today's show, you're going to hear the latest statistics on credit scores and mounting consumer debt. We're going to talk about the sharp divide between savings and credit card debt, why high inflation and high interest rates are a deadly combo, and much more.
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