Target Boycott Fallout & Historic Credit Card Debt | 5.31.23
Morning Wire
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Rising Debt and Political Concerns
This chapter explores the alarming increase in personal credit card debt in the U.S., which has reached $986 billion due to economic challenges and rising interest rates. It also highlights a significant decline in personal savings, leading individuals to tap into retirement funds for essential expenses. Additionally, the chapter discusses Wall Street executives' sentiments regarding the upcoming presidential race, revealing their concerns and preferences for alternative candidates.
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Transcript
