Fed Rate Increases Are Squeezing Consumer-Finance Companies

Consumer spending in the U.S. is going strong. Consumer lending—not so much.

Americans have racked up more credit-card debt than ever. WSJ’s Dion Rabouin explains the contributing factors and why this could spell trouble ahead for the U.S. economy. Photo: Keith Srakocic/Associated Press.

Americans have racked up more credit-card debt than ever. WSJ’s Dion Rabouin explains the contributing factors and why this could spell trouble ahead for the U.S. economy. Photo: Keith Srakocic/Associated Press

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