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US Household Saving Rate Vanishes, Credit Card Debt Soars

Audio Mises Wire

Tags Economic PolicyThe FedFinancial MarketsU.S. Economy

07/02/2022Daniel Lacalle
Narrator: 
Millian Quinteros

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.

Original Article: "US Household Saving Rate Vanishes, Credit Card Debt Soars"

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Author:

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

Creative Commons Licence
 
Original Article: 
US Household Saving Rate Vanishes, Credit Card Debt Soars