Kevin Hassett says Americans' credit card spending is through the roof

11 articles · Updated · The Independent · May 6

Speaking on Fox News, Trump's top economic adviser linked the claim to bank data and predicted a very, very strong jobs market.
Democrats including Hakeem Jeffries and Gavin Newsom's office said the remarks showed the administration was celebrating financial strain as gas prices and inflation rose.
US credit card debt stands at $1.28 trillion, with average interest at 22.3%, while polls show 65% disapprove of Trump's economic handling and 55% say their finances are worsening.

As credit growth slows dramatically, is the American consumer spending boom about to hit a wall?

Are wealthy households masking a spending slowdown for the average American family?