By ITM Trading – Zero Hedge
U.S. credit card defaults have surged to their highest levels since 2008. Lenders have written off $46 billion in delinquent balances in the first nine months of 2024—a 50% increase from last year.
“What makes our economy grow? Consumer spending fueled by unsustainable debt,” warns Taylor Kenney in her latest video. “The cracks in this system are widening, and when the spending stops, the illusion of growth will collapse.” Continue reading “Credit Card Defaults Surge 50%, Economic Meltdown Accelerates”