The Dr Boyce Breakdown

Dr Boyce explains why the rich keep getting richer

Dr Boyce speaks on the situation with Diddy, his financial future and reputational damage, as well as how this is a black eye for hip hop

Dr Boyce discusses Stargate, the project by Microsoft and Open AI.

Lizzo just quit singing - Dr Boyce Watkins breaks it down.

Dr Boyce Watkins issues a profit alert and speculates on the recent decline in bitcoin.

I bought 100 shares of Donald Trump's company stock, but only so I could make money from the frenzy.

Dr Boyce Watkins does an assessment of Reddit Stock and whether or not he would make the purchase.

U.S. households are carrying a record amount of credit card debt, according to a new Federal Reserve Bank of New York report released Tuesday. The bank said the data indicates financial distress is on the rise, particularly among younger and lower-income Americans. 

Total household debt grew by $212 billion, rising to $17.5 trillion in the fourth quarter of 2023, the Fed's quarterly report on household debt and credit shows. 

Credit card balances rose by $50 billion to hit a record $1.13 trillion. Inflation and higher interest rates are contributing to rising credit card debt, resulting in more Americans struggling to pay down their credit card balances, according to Bankrate's senior industry analyst Ted Rossman.

"We're seeing more people carrying more debt for longer periods of time," Rossman said in an emailed statement. "For example, 49% of credit cardholders carry debt from month to month, up from 39% in 2021."

Most analyses of Americans' financial health tend to tell a tale of two consumers. On one side are the roughly two-thirds of Americans who own their homes and those who've invested in the stock market and done substantially well. They generally had the savings cushion necessary to weather high inflation. 

Dr Boyce Money in the Morning discusses the situation with Diddy.

Donald Trump just got a ruling on his legal case that is worth analyzing.