Something Is WRONG: Household Debt Is Rising FASTER THAN EVER
In the first quarter of this year, total credit card balances rose by more than 17% from a year ago, marking the largest annual jump in at least 20 years, independent investment research and online financial media company Hedgeye has reported, citing data from the US Federal Reserve. On top of this, Google searches for HELOC's or home equity lines of credit are now at their highest level ever as more and more Americans look at ways they can borrow more money.
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Articles Mentioned in the Video
https://www.rt.com/business/580262-us-credit-card-debt/
https://wolfstreet.com/2023/07/26/prices-of-new-houses-drop-below-prices-of-used-houses-for-first-time-since-2005-sales-languish-inventories-sky-high/
https://apple.news/ABLaO3PBfRrK0s_jfnW-Fjg
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