Forbes
Economists and business leaders have regularly pointed to consumer spending as a good sign for the economy. Understandably why, because about 69% of gross domestic product — GDP, the typical economic measure — is consumer spending. A red flag of credit card defaults has gone up that should make everyone take much greater care. Why
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U.S. Credit Card Defaults Hit Post-Great Recession High
Erik Sherman
18:20
Economists and business leaders have regularly pointed to consumer spending as a good sign for the economy. Understandably why, because about 69% of gross domestic product — GDP, the typical economic measure — is consumer spending. A red flag of credit card defaults has gone up that should make everyone take much greater care. Why
