The American Borrowing Binge has Ended

Sign up for iTrustCapital and Get $100 of BTC https://itrust.capital/heresy

It looks like the American borrowing binge may have finally ended, or at least it is taking a breather. The Federal Reserve recently released the numbers for consumer credit as of May 2023.

And over here, you can see that the non-revolving debt numbers dropped by 2.4%. Now, obviously, that is not a huge drop. However, it is significant because this is the first time nonrevolving credit has decreased since April 2020.

Timecodes
0:00 Introduction
0:23 Changing Trends in Consumer Credit
1:08 Long-Term Debt Trends in the United States
5:10 Impact of Rising Interest Rates
7:03 Financial Strain on American Households
8:20 Deflationary Forces

Join Heresy Financial University https://heresyfinancial.teachable.com/p/hfu-membership
Included courses:
- Portfolio Allocation Mastery (the bulletproof portfolio)
- Options Mastery (advanced strategies of the pros)
- Bear Market Investing (how to buy the best stocks at even better prices)
- Debt Destroyer (demolish your debt and be free fast)
- Precious Metals Guide (how to not get scammed on gold and silver)
- Retirement Account Mastery (coming soon)
- Members get unlimited access to all above and all future courses
Become a member today: https://heresyfinancial.teachable.com/p/hfu-membership

Upcoming Events I'm Speaking At:
The Silver Symposium in Las Vegas, Sep 29 - Oct 1 https://bit.ly/slvrsymhrsy
Discount for Caesars for Event: https://book.passkey.com/go/SCSPS3

My New Book: Why We Need the Fed (blank gag book) https://a.co/d/a7caB8Y

My Recommended Affiliate Partners:
Miles Franklin Precious Metals (tell them I sent you) https://www.milesfranklin.com/contact/
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
TradingView http://bit.ly/tvchrts
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO

All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

#AmericanBorrowing #CreditCard #Debt