U.S. Credit Card Crisis Hits HIGHEST DEFAULT In 14 Years - This CAN’T Continue

U.S. Credit Card Crisis Hits HIGHEST DEFAULT In 14 Years - This CAN’T Continue

Jan. 4, 2025

U.S. DOLLAR COLLAPSE - FOLLOW THE MONEY

Sean Foo

The US credit card crisis just hit a historic nightmare point. Defaults have reached a 14-year high which signals how consumer spending is being propped by borrowed money.

Is U.S. economic growth based on an illusion? And how will this affect you and your finances?

Timestamps & Chapters:

0:00 U.S. Credit Card Historic Default
3:03 People Are Going Dangerously Broke
5:25 Consumer Collapse To Escalate?
8:19 U.S. Middle Class Big Squeeze
10:54 Retailers Are Closing

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Original: https://youtu.be/DCk1QbYwEOU

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The information presented on this channel is for news, education, and entertainment purposes only. The information does not constitute an offer or solicitation to buy or sell any investment product(s) or investment strategies, or a substitute for professional investment advice. It does not take into account your specific investment objectives, financial situation or needs. I am not a financial advisor or a licensed investment professional. Please consult with your financial advisor before following any investment strategies discussed herein.