business
Hassett brags that credit card spending is 'through the roof' — as delinquencies climb and farm bankruptcies jump 46%
Key takeaways
- Depending on how you look at it, Americans’ record-high spending could be considered good or bad.
- “The consumer is really, really firing on all cylinders, just like the corporate sector,” Hassett told Fox Business Network host Maria Bartiromo on Mornings with Maria (1).
- You can now build wealth like a landlord for as little as $100 — and no, you don't have to chase down rent or take 3 A.M tenant calls
Hassett brags that credit card spending is 'through the roof' — as delinquencies climb and farm bankruptcies jump 46% Andrew Harnik /Getty Images Aditi Ganguly Sat, May 23, 2026 at 8:30 PM GMT+7 11 min read Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Depending on how you look at it, Americans’ record-high spending could be considered good or bad. For Kevin Hassett, the White House’s director of the National Economic Council, it's cause for celebration.
“The consumer is really, really firing on all cylinders, just like the corporate sector,” Hassett told Fox Business Network host Maria Bartiromo on Mornings with Maria (1).
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