Skip to playerSkip to main content
GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

🌍 Covering the latest from the U.S. economy, stock market updates, and financial trends that matter for everyday people worldwide. Perfect for anyone looking to build wealth, understand money, and make smarter financial decisions.

πŸ’° Topics we cover:
β€’ Personal finance & budgeting
β€’ Stock market & investing
β€’ Real estate & housing market
β€’ Credit cards & saving tips
β€’ Money mindset & wealth building

πŸ‘‰ Subscribe for more daily finance videos and updates.

#finance, #money, #investing, #personalfinance, #economy, #wealth, #budgeting, #financialfreedom, #stockmarket, #moneytips, #dailymotionfinance, #stocks, #etf, #retirement, #financialplanning, #wealthbuilding, #passiveincome, #investingtips, #marketnews, #trading, #realestate, #housingmarket, #propertyinvestment, #mortgage, #homeownership, #creditcards, #loans, #debtfree, #banking, #interestrates, #inflation, #recession, #usdollar, #globaleconomy, #usnews, #crypto, #fintech, #digitalbanking, #bitcoin, #blockchain

Category

πŸ—ž
News
Transcript
00:00Are people spending money they already have from their savings accounts, or are they borrowing
00:05money to do it? During the pandemic, for example, people didn't need to borrow money because
00:09they were getting help from the government with all the stimulus. But now that the stimulus
00:12is gone, data shows people started to borrow more.
00:16But that trend is starting to reverse. At the end of 2022, the average household had
00:21nearly $10,000 in credit card debt. Analysts believe that nationwide credit card debt may
00:26soon reach $1 trillion, an all-time high. Putting everyday expenses on credit is so
00:32very dangerous because we know that as interest rates have been rising, so have
00:36rates on credit cards. So is the interest that you're paying on that money that you
00:40are indeed borrowing to pay for everyday expenses. That's right. And now is arguably
00:45the worst time to borrow on credit to buy your essentials, especially if you carry a
00:49balance when interest rates have reached an all-time high of 20%.
Be the first to comment
Add your comment

Recommended