More people are carrying higher credit card balances, says Bankrate.com's Greg McBride

More people are carrying higher credit card balances, says Bankrate.com’s Greg McBride



Bankrate.com’s Greg McBride joins ‘The Exchange’ to discuss interest rates and the impact they’re having on certain sectors of the economy. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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View Comments (12)
  1. Personal Spending Up , Employment Up , Inflation Up , Rents Up , Home Prices Stagnant , Food Up , Gas going Up . Where exactly have the Fed Hikes had an actual effect on the Broader Economy to this point ?

  2. Fed has to keep raising interest rate, so at some point, Americans can afford credit card debts anymore and they will stop spending.

  3. Why don’t they just electronically transfer $1 million to everyone’s account…. Problem solved…. Why all the fuss…. PRINT it dumbo’s

  4. Good lord these people are out of touch. Your average person is not going to move their money into treasuries. They're that far up the income ladder they have no idea how average budgets work. People just want to get by, and unfortunately, that is a lot harder these days. So everything goes on the credit card. Totally sustainable. We're throwing a lot of the population under the bus here, and msm does not care one bit.

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