The Rise of Credit Card Debt

This chapter discusses the alarming increase in credit card debt in the US, reaching over 17 trillion dollars, and the consequences it brings, including delinquencies and negative credit scores. It also explores the growing popularity of the buy now pay later market and raises concerns about its rapid growth and potential risks for customers. Additionally, it touches on the impact of Federal Reserve interest rate hikes on businesses, exemplified by the collapse of SVV, a regional bank.