The Implications of Rising Credit Card Debt on Future Economic Conditions | Episode 091 | 01-17-2024

Despite today’s equity market dip, December 2023’s retail sales report exceeded expectations, showcasing significant consumer spending across furniture, electronics, and clothing—the best year-over-year increase since January 2023. Leading the charge were clothing, merchandise department stores, and online shopping, contributing to a solid overall performance.  However, market dynamics shifted as investors recalibrated expectations on Federal Reserve actions, anticipating no interest rate cuts in March due to a strong economy.  Something to watch out for, November saw a significant uptick in credit card debt—the highest monthly increase since March 2022.  As we wait to see the December consumer credit report, the question is, how much holiday spending was put on plastic? 

Watch today’s episode here: https://youtu.be/JBGERAeEaLc