Credit Cards Balances Going Up

The news isn’t good

More and more of our fellow Americans have increasing credit card debt.

The rate of increase is alarming.

What will these higher balances mean for the rest of us?

How will it impact us? And the bigger economy?

In this video I discuss just what rising debt of the rest means for all of us.

As you watch the video join me in the comments with your thoughts and questions.

Resources:

St. Louis Fed on balances: https://fred.stlouisfed.org/series/CCLACBW027SBOG

Video Contents:

0:00 - Introduction
1:34 - Disclaimer
1:44 - Federal Reserve Data
2:29 - St. Louis Fed Graph
8:47 - What Will This Mean?
11:31 - Conclusion

Shawn
www.planningdoneright.com

NOTE: While legal issues are discussed this is education and is not legal advice. It is not a substitute for the advice of an attorney. Please consult your own attorney on your situation and to get legal advice about your circumstances. Courts are unpredictable may disagree with the author’s opinions.

This is not financial or investment advice.

P.S. We are now on substack: https://mcbrideforbusiness.substack.com/

And to get on our email list: https://planningdoneright.com/getupdates/

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#creditcard #debt #growingdebt

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