Analysis
Opinion

Credit Card Debt Hits $1 Trillion

Credit Card Debt Hits $1 Trillion
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Jeffrey A. Tucker
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Commentary

U.S. household finance seems to be in terrible shape with flat incomes all around, rising costs, and exploding credit card debt. The problem is compounded by the weirdness of it all. If one wants to put a moral theme to it all, it would be “Live for today, for tomorrow we could die.”

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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