Despite the apparent strength of the U.S. economy, a troubling trend has emerged: a record-high 10.75% of credit card accounts are making only the minimum payments.
Stagflation, a term coined during the economic turmoil of the 1970s, refers to the unusual and unfavorable combination of stagnant economic growth and high inflation.
This week, the Midwest and East Coast are in for a challenging time as multiple winter storm systems are expected to bring a mix of rain, ice, and snow.