Fed Rate Increases Are Squeezing Consumer-Finance Companies

Americans have racked up more credit-card debt than ever. WSJ’s Dion Rabouin explains the contributing factors and why this could spell trouble ahead for the U.S. economy. Photo: Keith Srakocic/Associated Press.

Americans have racked up more credit-card debt than ever. WSJ’s Dion Rabouin explains the contributing factors and why this could spell trouble ahead for the U.S. economy. Photo: Keith Srakocic/Associated Press

LOL

The age of cheap loans are over. That’s why when the the credit cards get max’s and the savings run out, the economy goes boing. Probably in March of 2023. And it will drag on until we use energy independence to built back better… with MAGA

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