American households are navigating a complex credit landscape in early 2025 according to releases from the New York Federal Reserve. Total household debt hit a record $18.04 trillion at the end of 2024, driven largely by credit card balances, which surged to $1.21 trillion.
Tariffs are essentially taxes imposed by a country on goods imported from abroad. They serve multiple purposes: generating revenue for the government, protecting domestic industries from foreign competition, and sometimes as a tool in trade negotiations. When a tariff is applied, it increases the cost of imported goods, making them less competitive against domestic products.
Happy Valentine’s Day! It’s the day when people express their love for those nearest to their hearts.
Last week Atlas sent a note called How Did We Get Here?
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