Join the 90 million MyHeritage users and discover your family origins with a 14 day free trial: [ Ссылка ]

In the US, total revolving consumer loans from banks is more than a trillion dollars, mostly in the form of credit card debt.

TIMESTAMPS
INTRO 0:00
How It All Began 2:58
Landmark Case 5:53
Credit Card Boom 8:19
Predatory Lending 10:19
Impact on Consumer Behaviour 11:40
Record Debt In 2024 12:37
Interest Rate Caps? 13:43

What you might not know is that the proliferation of credit card debt in the US can largely be traced back to a 1978 supreme court case, Marquette National Bank v. First of Omaha Service Corp.

That ruling is responsible for banks dramatically increasing the interest rates they charge, the aggressive marketing tactics used to lure you in and a slew of other side-effects.

The measly $4 Billion industry of the 70s has grown more than 300 times in size in just 50 years.

So let me take you down the rabbit hole I fell into this week to explore how the credit card industry turned into a trillion dollar debt nightmare.

TIMESTAMPS
INTRO 0:00
How It All Began 2:58
Landmark Case 5:53
Credit Card Boom 8:19
Predatory Lending 10:19
Impact on Consumer Behaviour 11:40
Record Debt In 2024 12:37
Interest Rate Caps? 13:43

===========

★ Stockopedia - Try Free & Get 20% Off - Code HH20 ★
▶︎ [ Ссылка ]
-------
LEARN TO INVEST IN STOCKS
▶︎ [ Ссылка ]
-------
STOCK ANALYSIS SPREADSHEET
▶︎ [ Ссылка ]
-------
STOCK ANALYSIS CHECKLIST
▶︎ [ Ссылка ]
-------
SHARESIGHT - Track Your Portfolio (4 Months FREE)
▶︎ [ Ссылка ]
-------
SEEKING ALPHA - News & Analysis
▶︎ [ Ссылка ]
-------
TIKR - Financial Data & Analysis
▶︎ [ Ссылка ]
-------
YOUNG INVESTORS PODCAST
▶︎ Apple Music [ Ссылка ]
▶︎ Spotify [ Ссылка ]
▶︎ YouTube [ Ссылка ]
-------
★Support My YouTube Content Directly★
▶︎ [ Ссылка ]
-------
FOLLOW ME ON INSTAGRAM
▶︎ [ Ссылка ]
-------
FOLLOW ME ON TWITTER/X
▶︎ [ Ссылка ]

BUSINESS ENQUIRES
▶︎ hamish@hamishhodder.com
-------
Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

свернуть