How Big a Problem Is U.S. Household Debt? | Presented by CME Group

Total U.S. household debt increased by a whopping $184 billion in the first quarter of 2024, taking overall credit card balances past the trillion-dollar milestone for the first time in history. All this is probably concerning enough, but skyrocketing interest rates are compounding that figure. How big a problem is the US consumer debt burden? 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 -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow