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Home Market Research Economy

Why American credit-card delinquencies have suddenly shot up

by TheAdviserMagazine
8 months ago
in Economy
Reading Time: 1 min read
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Why American credit-card delinquencies have suddenly shot up
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WHEN IT COMES to the finances of American consumers, the viral videos produced by Caleb Hammer, a personal-finance social-media star, provide some cause for concern. His “financial audits” of debt-laden guests have amassed almost 2m followers on TikTok and YouTube in less than three years. Mr Hammer’s interviewees—typically young and foolish—scramble to justify their wild borrowing habits, to their interviewer’s growing ire.



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