Best Economy EVER Yet Credit Card Debt Skyrockets To RECORD HIGH…Hmmmm

Doesn’t it seem weird to you that the economy is so fantastic but debt is at an all time record high, credit card, household debt. The worst type of debt. 17% interest type of debt. But I guess it’s all good as long as my 7 shares of Tesla keep going higher.

U.S. Household Debt Exceeds $14 Trillion for the First Time – BNN Bloomberg

https://www.bnnbloomberg.ca/u-s-household-debt-exceeds-14-trillion-for-the-first-time-1.1388505

Household debt jumps the most in 12 years, Federal Reserve report says

https://www.cnbc.com/2020/02/11/household-debt-jumps-the-most-in-12-years-federal-reserve-report-says.html

Credit-Card Debt in U.S. Rises to Record $930 Billion – WSJ

https://www.wsj.com/articles/credit-card-debt-in-u-s-rises-to-record-930-billion-11581442140

Charging into Adulthood: Credit Cards and Young Consumers -Liberty Street Economics

https://libertystreeteconomics.newyorkfed.org/2020/02/charging-into-adulthood-credit-cards-and-young-consumers.html

Consumer insolvencies approach record in debt-weary Canada – BNN Bloomberg

https://www.bnnbloomberg.ca/consumer-insolvencies-approach-record-in-debt-weary-canada-1.1387954

More higher-income Ontarians struggling with debt: Study – BNN Bloomberg

https://www.bnnbloomberg.ca/more-higher-income-ontarians-struggling-with-debt-study-1.1387802