Household Debt is Rising, Incomes are Shrinking; Are We Headed Toward a Big Recession?

Food and energy prices have skyrocketed over the past four years, fueling high inflation across the board. In response, many American households have resorted to paying for essentials with credit cards, increasing their personal debt. Not only are we seeing consumer debt increase; credit card and auto loan delinquencies are rising as well. The signs of a pending big recession loom. What are the chances it happens? Swiss America CEO Dean Heskin and Chris Agelastos look into the numbers, what's happening, and what could happen with the economy in the near future on The Secret War on Cash.

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Articles referred to in this podcast:
https://www.foxbusiness.com/media/ex-fast-food-ceo-rips-economists-us-recession-read-people-suffering
https://www.newsbreak.com/share/3553460085318-rising-household-debt-and-shrinking-incomes-are-setting-the-stage-for-a-recession-top-economist-says?_f=app_share&pd=08oc6YBL&lang=en_US&send_time=1723124233&trans_data=%7B%22platform%22%3A0%2C%22cv%22%3A%2224.31.0.23%22%2C%22languages%22%3A%22en%22%7D&sep=ns_foryou_rank_exp_24q3-v2%2Cns_local_strategy_24q3_exp-v1%2Cns_vsp-v1%2Cns_pushv1-v4%2Cns_foryou_model_exp_24q3-v5%2Cns_foryou_blend_exp_24q3-v4%2Cns_foryou_recall_exp_24q3-v8&s=i3