HomeLifestyleMediaAmericans Owe More In Credit Card Debt Than They Have Saved

Americans Owe More In Credit Card Debt Than They Have Saved

"Consumers have seen 22 months of negative real wage growth. Servicing household debt is surging while household savings have plummeted. 36% of U.S. adults owe more money in credit card debt than they have saved. 23% of their 401K values has been lost in the last calendar year. Consumer sentiment is still at its lowest point since 1980. This tells us that the markets are not acting aggressively to the Federal Reserve's interest rate hikes. Recessionary concerns will keep money on the sidelines as investors time their re-entry," says Randy Sevcik.

The Watch List

02 Mar 2023

ON AIR
education
3:00 am
Your First Trade
replay
12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
2:00 am
Next Gen Investing
REPLAY
ON AIR
education
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
education
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
education
3:30 pm
Your First Trade
4:00 pm
Trading 360
REPLAY
5:00 pm
Fast Market
REPLAY
6:00 pm
Next Gen Investing
REPLAY
education
7:00 pm
Your First Trade
REPLAY
7:30 pm
Trading 360
REPLAY
8:30 pm
Fast Market
REPLAY
9:30 pm
Next Gen Investing
REPLAY
education
10:30 pm
Your First Trade
REPLAY
11:00 pm
Trading 360
REPLAY

Get Market Minute

Daily insights for every investor

FOLLOW US