There’s A New Financial Crisis And It’s Getting BAD.
The Debt Crisis is here and it's bad. American consumer debt has reached all time high, will a total amount of debt for americans around $17 Trillion dollars - also an all-time high.
These come down to a few factors. High Costs and ease of access to debt with things like buy now pay later, payday loans and credit cards.
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Intro: 0:00
BNPL: 0:43
Pay-Day Loans: 2:47
Credit Cards: 4:24
Social Pressures: 6:48
Solutions: 7:30
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#debt #debtcrisis #economy #wealth #wealthbuilding
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DISCLAIMER: Nader Hachem is not a financial advisor, broker, or professional investor, Everything shared is solely personal experience and opinions. All strategies, tips, suggestions, and recommendations are meant for entertainment purposes and NOT financial advice. Do not act solely on the information within this video. Do your own due diligence. Some of the links posted are affiliate links and Nader Hachem may be subject to affiliate commission or referral bonus.Make sure to hit that like and subscribe button to let me know the content you look forward to!