[postlink]https://www.mikebarnicle.tv/2026/06/americans-running-on-debt.html[/postlink][starttext]
Tune in for this Morning Joe segment with economic analyst Steve Rattner discussing new data that shows how rising costs continue to strain American households, force many families to dip into savings, withdraw money from retirement accounts, and fall behind on loan payments. “The idea that people, when they're strapped for money in terms of purchasing whatever items we can consider, they use a credit card rather than cash because they don't have the cash. What's going to be the short-term impact of all of that credit card debt that they're piling up?” asks veteran columnist Mike Barnicle. Hear Rattner explain why Americans can only keep “tap dancing” around rising costs for so long before they have a “huge problem” and have to cut back on their lifestyle spending which is bad for them and the economy.
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Tune in for this Morning Joe segment with economic analyst Steve Rattner discussing new data that shows how rising costs continue to strain American households, force many families to dip into savings, withdraw money from retirement accounts, and fall behind on loan payments. “The idea that people, when they're strapped for money in terms of purchasing whatever items we can consider, they use a credit card rather than cash because they don't have the cash. What's going to be the short-term impact of all of that credit card debt that they're piling up?” asks veteran columnist Mike Barnicle. Hear Rattner explain why Americans can only keep “tap dancing” around rising costs for so long before they have a “huge problem” and have to cut back on their lifestyle spending which is bad for them and the economy.
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