I continue to monitor this and it is really becoming a major problem. I could see a recession in 6 months.

I dont either,, but it has been so long since a downturn, I am worried it could be just as bad!

Not pleased that we are seeing the credit card debt soaring at the rate it is! Sure don't want another 2008 meltdown!

I think it is going to be a very big problem!!!

It's difficult to understand why average credit card rates have been steadily rising over this 10 year low interest rate cycle. What happens to people with high credit card debt when rates rise?
https://www.financeglobe.com/credit-cards/rates/
https://wallethub.com/edu/cc/historical-credit-card-interest-rates/25577/
https://www.creditcards.com/credit-card-news/historic-credit-card-interest-rate-chart.php

From what I keep reading, this problem is only getting much much worse.

This is a great read on the situation, I would recommend reading it.

https://www.cnbc.com/2019/05/21/millennials-are-no-longer-good-at-staying-out-of-bad-credit-card-debt.html

This is very scary in my opinion by the way.

I read today that in Dec. '18, the U.S. consumer credit card debt hit over $870 billion, which is the highest total ever! Be careful out there, this growing economy won't last forever.