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Why Credit Card Companies Are Preparing To Take A Major Hit

Video Credit: Wochit News - Duration: 00:48s - Published
Why Credit Card Companies Are Preparing To Take A Major Hit

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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