Credit card delinquencies climb

This episode examines rising consumer financial stress: credit card delinquencies have reached 13% so far this year, the highest national rate since the tail end of the Great Recession. The show attributes the climb to the aftermath of the COVID-19 pandemic, including high inflation and job uncertainty. It also explores why home equity lines of credit have become a preferred way for homeowners to borrow as traditional rates climb, and reports on small business owners who are cautious but optimistic and trying to hire. Kyla Scanlon explains economic nihilism and why younger consumers are turning to 'little treats.'