4min chapter

eCommerce Evolution cover image

Episode 228 - The State of eCommerce, the Economy, and What to Do Next with Jeremy Horowitz

eCommerce Evolution

CHAPTER

The COVID Lockdowns and the Rise of Credit Card Debt

There's this graph by the show's savings rate versus credit card debt. And so as you see, we go into the lockdowns and like early part of 2020, saving rates go through the roof. But what really keeps me up at night is it was... So 9 or 50 billion, really, really, but like a lot of other economies in the world. The government pumps even more money than people are already making.

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