A veteran economist just echoed Elon Musk and Michael Burry's warning that Americans are drowning in credit-card debt - and he says the economy will pay the price

Source :: The Business Insider (Blogs on Demand). December 7, 2023
Publication Year :: 2023
Abstract: Echoing Elon Musk and Michael Burry, an economist has warned about American consumers' debt woes. Record credit-card debt threatens to spark a consumer-spending slowdown soon, Carl Weinberg said. Weinberg expects [...]

Subjects :: United States. Federal Reserve Board
Americans -- Economic aspects
Consumer credit -- Economic aspects
Economists -- Economic aspects
United States economic conditions -- Economic aspects
Credit cards -- Economic aspects
Consumer news and advice
General interest

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