Amid low sentiments about the economy, people are actually spending more, but that spending is often going on credit cards.
DENVER — Depending on where you look and what headlines you’re seeing, the economy is either running like a machine or people are absolutely miserable.
Data suggest both can be true, but that exploding credit card debt is part of the fuel that keeps the engine running.
The highly cited Surveys of Consumers reveals consumer sentiment is at its lowest point since 2022, however the National Retail Federation reports spending has increased and “continues to
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