US Credit Card Debt Hits New High Amid Shrinking Housing Market; Trump Claims Prices are Down
Former President Trump's tariff policies are beginning to impact the US economy, as major companies like American Airlines and Southwest Airlines lower their profit forecasts. Additionally, credit card debt in the US has surpassed $1.2 trillion, and the housing market is experiencing a downturn, with March sales down 2.4% compared to last year.
In response to economic concerns, Trump insists that falling gasoline prices are an achievement, ignoring the fact that median home prices have risen to $403,000, a historical high, while sales remain sluggish. According to a Yale professor, the tariff policy is estimated to cost American families $4,900 per year. Enterprises are facing uncertainties that lead to reduced investments and potential job losses.
