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Credit Card Crisis: Fed Warns of Highest Consumer Distress in 12 Years

Consumer financial distress is at its worst level in 12 years according to the Federal Reserve Bank of Philadelphia, with over 11% of Americans making only minimum payments on credit cards and delinquencies hitting record highs.

This crisis stems from years of above-target inflation that has outpaced wage growth, forcing many to rely on credit cards for essential expenses.

A recent survey found one-third of Americans use credit cards to make ends meet, with many maxing out their cards. With interest rates averaging 21.37%, minimum payments barely cover interest charges.

Original Source: Yahoo Finance

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Gold Hits New Record; $5,000 Target in Sight 

Gold blew past $4,800 per ounce Wednesday, hitting another record high amid a diplomatic crisis over Greenland. Investors are dumping U.S. assets and buying precious metals as geopolitical tensions escalate. Analysts now see gold pushing toward $5,000 this year.

Read More »
January 21, 2026
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Gold Clears $4,700 on Global Turmoil 

Gold jumped 3.11% to clear $4,700 per ounce while silver rocketed 5.8% higher past $95. The rally reflects mounting concerns about tariffs, dollar debasement, and geopolitical turmoil. Trump’s Greenland threats, crashing bond markets, and Fed independence attacks are driving safe-haven demand.

Read More »
January 20, 2026

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News

Gold Hits New Record; $5,000 Target in Sight 

Gold blew past $4,800 per ounce Wednesday, hitting another record high amid a diplomatic crisis over Greenland. Investors are dumping U.S. assets and buying precious metals as geopolitical tensions escalate. Analysts now see gold pushing toward $5,000 this year.

Read More »
January 21, 2026
News

Gold Clears $4,700 on Global Turmoil 

Gold jumped 3.11% to clear $4,700 per ounce while silver rocketed 5.8% higher past $95. The rally reflects mounting concerns about tariffs, dollar debasement, and geopolitical turmoil. Trump’s Greenland threats, crashing bond markets, and Fed independence attacks are driving safe-haven demand.

Read More »
January 20, 2026
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