First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/05/09/is-the-american-consumer-tapped-out-credit-card-borrowing-tanked-in-march-003177
<p><img src='https://www.moneymetals.com/uploads/content/credit-card-borrowing-tanked-in-March.jpg'/></p>Joe Biden, Jerome Powell, and the talking heads can brag all they want about the "strong economy," but Americans have been borrowing to buy it. And it looks like they're reaching their limit.
<p><img src='https://www.moneymetals.com/uploads/content/credit-card-borrowing-tanked-in-March.jpg'/></p>Joe Biden, Jerome Powell, and the talking heads can brag all they want about the "strong economy," but Americans have been borrowing to buy it. And it looks like they're reaching their limit.