Recession Watch: Broke Consumers, Tanking Houses

Government will be the last man standing

The money Americans saved during the pandemic is gone. And for many, that now means borrowing to make ends meet.

Credit card debt set to hit record levels as consumer holiday spending rises

(CNBC) - Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high…