Consumers are spending, and credit card debt is rising

by Ray Allegrezza March 14, 2023

Late last week, it seemed like every news source was reporting that, despite record inflation, consumers were spending as if there was no tomorrow.

Case in point. A recent article online from NPR states: “Something unexpected is going on in the U.S. economy. Inflation remains high, yet many Americans went on a spending spree last month, eating out at restaurants and shopping for cars.” READ MORE at Home News Now