CHICAGO - DECEMBER 6: A sales associate works on a customer's transaction with a credit card at Cut Rate Toys December 6, 2004 in Chicago. Personal debt is reaching record highs and personal savings is reaching all time lows, yet consumer spending accounts for two-thirds of the $11 trillion US economy. found Gen-Z has more credit card debt in their early 20s than any other generation did at that age.
"People have the money to spend. It angers them and angers me that they have to spend more," Biden said. "It’s like 20% less for the same price. That’s corporate greed. It’s corporate greed and we’ve got to deal with it."
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