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How we went from near record savings to record debt in just two years

U.S. consumers had one of the highest savings rates on record in 2021 and credit card debt was plummeting. Now our savings is gone and debt is surging. What happened?

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American consumers are in a lot of credit card debt and have almost no savings. : NPR

U.S. consumers had one of the highest savings rates on record in 2021 and credit card debt was plummeting. Now our savings is gone and debt is surging. What happened?

United-states
Tennessee
Lebanon
Americans
Stephanie-roth
Fajrul-islam-getty
Jill-schlesinger
Getty-images
Great-money

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