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economy

Americans now owe a staggering $18.19 trillion as credit card debt keeps climbing

May 28, 2026May 28, 2026 by Brian Fagioli
Burn money Unsplash

Americans now owe a record $18.19 trillion in consumer debt, according to Equifax. Rising living costs are pushing many consumers deeper into credit card debt.

Categories Finance Tags bankcard debt, consumer finance, credit card debt, economy, Equifax, HELOC, inflation, student loans, subprime borrowers, U.S. consumer debt

Americans fear recession while relying on credit cards to survive, says NerdWallet

May 20, 2026 by Brian Fagioli
Stressed bills couples Unsplash

A new NerdWallet report suggests Americans may feel financially stable on the surface, but many are increasingly relying on credit cards while fearing recession.

Categories Economy Tags credit card debt, debt, economy, Financial Resilience Index, financial stress, Gen Z, inflation, NerdWallet, personal finance, recession fears

I’m pro capitalism, but AI might make socialism unavoidable

April 30, 2026 by Brian Fagioli
USA flag unsplash

A lifelong believer in capitalism starts questioning everything as AI begins replacing real jobs at scale.

Categories Artificial Intelligence Tags AI, artificial intelligence, automation, capitalism, economy, future of work, job loss, socialism, universal basic income

Meta is spending $600 billion on US data centers, and that’s going to reshape a lot of towns

November 7, 2025 by Brian Fagioli
Zuck money

Meta is preparing to spend $600 billion building and expanding US data centers for AI. The economic boost is real, but so are the risks.

Categories Artificial Intelligence, Business, Facebook, Meta Tags AI, data centers, economy, electricity, Facebook, infrastructure, Meta, tech industry, United States
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