Americans now owe more than $1.26 trillion on their credit cards. And according to the latest data from the Federal Reserve Bank of New York, credit card balances just jumped another $21 billion in just three months.
On this episode of Investing in Real Estate, we’re going to unpack what this data tells us about the American consumer and the economy. You’re going to learn about total household debt, why debt is so prevalent today, and much more.