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Credit card ‘should be a last resort as U.S. household debt hits record Q1 high: Financial advisor

American household debts have surpassed a record $17 trillion this year, with credit card balances totaling more than $900 billion. And this quarter marked the first time in more than 20 years that credit card debt did not decrease, signaling that fewer folks are paying down their balances. This is consumers are increasingly turning to credit cards to make ends meet. A report from TransUnion shows the average American’s card balance is up by 14% compared to the year prior.

Economic Outlook 2024

A Path through the forest

In unstable financial terrain, John and Scott are bringing clarity about market trends for 2024 and more importantly what it means to you! 

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