Why is it important to get financially fit before a potential recession?
Americans Are Using More Credit As Prices, Interest Rates Rise
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The video discusses the rise in credit card debt due to inflation and interest rate hikes, with Americans owing over $885 billion. It highlights the challenges of repaying debt due to high interest rates and offers financial advice to cut costs. The video also warns of a potential recession in the next 12 months, urging viewers to get financially fit.
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What predictions do economists have regarding the economy in the next 12 months?
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