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U.S. household debt soars

Name: U.S. household debt soars
Uploaded: 2022-08-08T08:50:00-0400
Duration: 3 min 46 s
Description: Despite recession fears, Americans are spending more and putting much of it on credit cards. Ron Hetrick, senior economist at Lightcast, joins "CBS News Mornings" to break down why people are feeling comfortable to spend.

Despite recession fears, Americans are spending more and putting much of it on credit cards. Ron Hetrick, senior economist at Lightcast, joins "CBS News Mornings" to break down why people are feeling comfortable to spend.