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Soon, we will receive updated debt numbers for Q1 2023.
It is expected that credit card debt will cross $1 trillion for the first time in history.
Meanwhile, Americans are “fighting” inflation with debt as rates are rising.
Follow us @KobeissiLetter for more as this develops.
— The Kobeissi Letter (@KobeissiLetter) April 3, 2023
The consumer is TAPPED OUT.
It is no longer a question of more credit. It is a question of how long these in debt to their eye balls can even service the debt!
AC
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- On the field most of the time, Danielle is the team’s supergirl- getting all the latest business and financial news, as they happen.
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