Americans Can’t Pay Their Credit Card Bills!

Credit card delinquencies. along with defaults on other consumer debt, is rising dramatically as Americans struggle to pay bills, all despite an allegedly booming economy. The credit crunch could presage a wider economic crisis as prices rise and workers’ wages do not keep pace.

Jimmy is joined by financial analyst Carol Roth and Colonial Metals CEO Paul Stone to discuss the threat posed by members of the public as well as the government relying on borrowing that creates an illusion of growth.

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Colonial Metals on social media: @colonialmetalsgroup

Carol Roth on Twitter: https://twitter.com/caroljsroth
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About The Jimmy Dore Show:
#TheJimmyDoreShow is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country.