In today's episode, we explore the surge in consumer debt as credit card spending hits $6.1 trillion, alongside a troubling rise in fraud losses reported by the FTC. We discuss the implications of these trends on individual consumers and the broader economy, including generational differences in debt and the impact of digital payment shifts. Additionally, we delve into the decline in consumer confidence and its potential effects on economic stability. Join us for an in-depth analysis of these pressing financial issues.

Sources:

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https://bankingjournal.aba.com/2025/03/ftc-consumer-fraud-losses-jumped-25-in-2024/

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https://www.youtube.com/watch?v=SRx96i-6_9M

https://www.axios.com/2025/03/14/consumer-sentiment-march-plunge-inflation

https://www.advisorperspectives.com/dshort/updates/2025/03/14/consumer-sentiment-sinks-to-lowest-level-since-2022

https://www.ipsos.com/en-us/march-2025-lsegipsos-primary-consumer-sentiment-index