According to The Kobeissi Letter, American cardholders have reached a record high in credit card debt, with the national average debt balance at $7,236 in Q3 2024, as reported by LendingTree. Connecticut, Washington DC, and California have the highest averages at $9,323, $9,209, and others respectively, indicating potential financial strain and credit risk in these regions.

According to The Kobeissi Letter, the national average credit card debt balance among cardholders with unpaid balances reached a record $7,236 in Q3 2024, as reported by LendingTree. Connecticut, Washington DC, and California had the highest averages, impacting consumer spending and potentially affecting market liquidity.

According to @KobeissiLetter, DoorDash ($DASH) is now offering a financing option for food delivery orders, a move that coincides with US credit card debt reaching a record $1.2 trillion and the depletion of over $2 trillion in excess savings. Traders should monitor this development as it may indicate increasing consumer financial strain, potentially impacting $DASH's trading performance.

According to @KobeissiLetter, DoorDash ($DASH) is now permitting customers to finance their food delivery orders. This move occurs as US credit card debt hits a record $1.2 trillion, and over $2 trillion in excess savings have been depleted. This development is crucial for traders as it highlights potential consumer debt concerns, which could impact market behavior and $DASH's stock volatility.

According to The Kobeissi Letter, in Q4 2024, total US household debt increased by $93 billion, reaching a record $18.04 trillion as reported by the NY Fed. This significant rise in debt, especially credit card debt hitting an all-time high of $1.21 trillion, suggests potential liquidity challenges and could impact consumer spending patterns, which are critical for market traders to monitor.

According to The Kobeissi Letter, US household debt surged by $93 billion in Q4 2024 to a record $18.04 trillion, as reported by the NY Fed. This significant rise reflects a $3.90 trillion increase over the last five years, with credit card debt reaching $1.21 trillion. Traders should monitor potential impacts on consumer spending and credit markets.

According to The Kobeissi Letter, total US household debt surged by $93 billion in Q4 2024, setting a new record of $18.04 trillion, as reported by the NY Fed. The largest increase was observed in credit card debt, which reached $1.21 trillion, impacting consumer credit behavior and potential spending power, which traders should monitor closely for market implications.