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Why Credit Card Companies Are Preparing To Take A Major Hit
Video Credit: Wochit Entertainment
Published on August 6, 2020 - Duration: 00:48s
Why Credit Card Companies Are Preparing To Take A Major Hit
Business Insider reports the US economy could see a sharp drop in consumer spending in the coming months.
That's because personal income for millions of Americans is about to take a serious hit.
Enhanced unemployment benefits that gave millions of consumers an additional $600 weekly lapsed at the end of July.
What's more, the US government appears far from passing a new stimulus package that would give consumers more funds.
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