The 'vibe economy' is driving record debt; experts say 'vapor economy' is next
Americans are spending freely on credit cards even as debt surges toward $1.2 trillion — a trend economists call the "vibe economy." But experts warn that confidence can vanish quickly, giving way to a "vapor economy" where households have little to fall back on. Debt.com CEO Howard Dvorkin and University of Tampa economics professor Abby Hall urge consumers to stop relying on credit and take a hard look at their cash flow before the vibes run out.
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