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U.S. credit card debt jumps 30 percent, Dave Collum assesses

U.S. credit card debt jumps 30 percent, Dave Collum assesses
U.S. credit card debt up sharply

Dave Collum, professor and financial commentator at Cornell University (Emeritus), highlights a significant increase in U.S. credit card debt, noting a 30 percent surge (9 percent annualized).

He questions the idea of consumer resilience, using sarcasm to challenge the prevailing narrative that U.S. consumers are weathering economic challenges with strength.

Collum has previously argued that indexing demand has played a role in driving market overvaluation. He has also outlined investment returns, citing dividend yields of 4-5 percent and fees around 1 percent. Taxes, he noted, remain difficult to estimate in such contexts.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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