$17.5 TRILLION Consumer Debt in U.S. | How High Can it Go Before Crisis Level is Hit?
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U.S. Consumers just set a new record for Consumer Debt, including more that $1,000,000,000 in credit card debt. This comes at a time where interest rates are still running higher than the Federal Reserve Board would like. We'll look into this story.
Also today, we look at the following stories:
🏦 Bank of Canada Governor Tiff Macklem says that the Bank is not to blame for the Canadian Housing Crisis.
🏦 The Bank of Montreal is having some success in the courts and is putting a positive shine on debt worries.
🛢️ Suncor is hit with a massive fine for violating environmental rules.
📵 Shares of SNAP are down 35% on advertising revenue concerns.
Full YouTube Video: https://youtu.be/q3TNDYYlykE?si=PYyMDY8Mczi0iL7y
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