Credit card debt in the U.S. has increased over 24,000% since 1970 as most consumers continue to dig themselves further into debt to enable holiday shopping, vacations, expensive dining, and other wants. U.S. consumers pay over $100 billion yearly in credit card interest and bank fees. The so-called economic boom is entering the late innings as consumer spending is beginning to drop in as holiday shopping kicks into full gear. Articles and news links that were discussed or utilized for this video:
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