"Credit-card debt is soaring" https://t.co/7hjCSn7Tzz

This should jibe well with a slowing economy and rising interest rates!

— Stanphyl Capital (@StanphylCap) August 6, 2022

Credit-card balances are defying the gravitational pull of stubborn inflation and slower growth. They account for about $890 billion of Americans' staggering $16 trillion in household debt. https://t.co/t1be5eEbDA

— Axios (@axios) August 6, 2022

“Inflation, recession and living on "borrowed money" as credit soars”

In portfolios of merchants I have access to, over 2 million across SIC categories I am seeing the largest increases ever in credit card usage at grocery and fuel stores. https://t.co/BDaNsMnXc1

— Brian Roemmele (@BrianRoemmele) August 6, 2022