Americans Are Using More Credit As Prices, Interest Rates Rise

The video discusses the rise in credit card debt due to inflation and interest rate hikes, with Americans owing over $885 billion. It highlights the challenges of repaying debt due to high interest rates and offers financial advice to cut costs. The video also warns of a potential recession in the next 12 months, urging viewers to get financially fit.

Why is it important to get financially fit before a potential recession?

What predictions do economists have regarding the economy in the next 12 months?