With consumer spending representing two-thirds of all economic activity, it’s no exaggeration to say the consumer is the very foundation of the US economy — and recent data is pointing to some disturbing cracks in that foundation. Total US consumer debt has experienced a staggering 26% increase in just four years, despite solid GDP growth and a period of historically low unemployment. What are the potential repercussions if struggling households can no longer maintain their pre-pandemic spending levels? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
