Americans Are Using More Credit As Prices, Interest Rates Rise

Americans Are Using More Credit As Prices, Interest Rates Rise

Assessment

Interactive Video

Business

University

Hard

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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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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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