Viewpoints
Opinion

U.S. Household Saving Rate Vanishes, Credit Card Debt Soars

U.S. Household Saving Rate Vanishes, Credit Card Debt Soars
A person shops in a supermarket in Washington on May 26, 2022. Nicholas Kamm/AFP via Getty Images
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Commentary

The U.S. consumption figure seems robust. A 0.9 percent rise in personal spending in April looks good on paper, especially considering the challenges that the economy faces.

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