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The Supply Chain Buzz for August 7th featuring Lee Klaskow with Bloomberg Intelligence

Supply Chain Now

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The Impact of Credit Card Debt on Consumer Sentiment

Inflation is down, meaning it's no longer at 9 or 11% or whatever it peaked at and whichever standard you use. Almost 50% of all Americans rely on credit cards to pay their monthly bills according to 1031. And almost every American has missed a credit card payment in the last year. So I think there are some contrary indicators that say that while consumer sentiment is high, their flexibility is relatively low because of the overhang of credit card debt, which is exceedingly expensive.

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