Bloomberg Television
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Rising Consumer Debt Could Point to Cracks in US Economy | Presented by CME Group
Posted
October 28, 2024
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1:22Now PlayingWith consumer spending representing twothirds of all economic activity, it's no exaggeration to say the consumer is the very foundation of the US economy and recent data is pointing to some disturbing cracks in that foundation. Total US consumer debt has experienced a staggering 26% increase in just four years, despite solid GDP growth and a period of historically low unemployment. What are the potential repercussions if struggling households can no longer maintain their prepandemic spending levels? Presented by @cmegroup
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