Credit card delinquencies climb
Summary
Marketplace explores the confusing US economy, featuring Kyla Scanlon on Gen Z’s “financial nihilism” and shifting spending habits. Evan Osnos discusses China’s tech-driven strategy to overcome its property crisis amid global geopolitical tension. The episode also covers rising HELOC usage, persistent credit card delinquencies, and small business struggles with labor shortages and tariffs.
Topics discussed
Sponsor message from Raymond James
Economic outlook and Federal Reserve challenges
Gen Z spending habits and financial nihilism
Rise in home equity lines of credit (HELOCs)
Persistent credit card delinquencies post-pandemic
Market numbers and housing data update
Ad breaks for ShipStation, Odoo, and Capital One
China's tech rise and US-China tensions
Small business optimism and hiring struggles
Impact of tariffs on small business costs
Diesel prices and Strait of Hormuz closure
Promo for This Is Uncomfortable podcast
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