Total household debt in the US has hit a record-high of $17.06 trillion

TRUMP: "There's a chance that the money from the tariffs will be so great that it would replace [income taxes]"

Israel considering a limited attack on Iran's nuclear facilities

The Trump administration will announce a new rule, ‘Schedule F’ that will make it easier to remove federal employees undermining the President’s agenda

President Trump is replacing the acting IRS commissioner that he appointed just three days earlier

Total household debt in the US has hit a record-high of $17.06 trillion.The average credit card debt in the US is $5,733 per person, according to TransUnion.US credit card debt has now passed $1 trillion.Meanwhile, Gen X has the highest average credit card debt of any generation group, estimated to be $8,266, per Bloomberg.Gen Z had an average credit card debt of $2,781 in Q4 of 2022, marking a 5.90% jump from the three months through May, the biggest increase compared to all other generations.Per Bloomberg:In the third quarter of 2022, US household debt climbed at the fastest annual pace since 2008 in the third quarter, with credit-card balances surging.Read more: https://unusualwhales.com/news/us-household-debt-climbed-at-the-fastest-annual-pace-since-2008-in-the-third-quarter