Criticism Mounts Against Trump's Economic Director Over Credit Card Delinquency Comments
Trump's economic director catches heat after 'incredible' claim on Fox News

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Kevin Hassett, director of the National Economic Council, faced backlash after downplaying a report indicating that 13% of Americans have delinquent credit card balances, the highest since the 2008 financial crisis, during a Fox News interview.
- 01Kevin Hassett claimed that delinquency rates do not pose a financial threat to credit card companies.
- 02The 13% delinquency rate is the highest recorded since the 2008 financial crisis.
- 03Critics on social media accused Hassett of prioritizing corporate interests over the struggles of everyday Americans.
- 04Political figures expressed outrage, comparing Hassett's comments to a lack of empathy for those in financial distress.
- 05Hassett's remarks sparked widespread criticism, with many calling for a more compassionate approach to economic issues.
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Kevin Hassett, the director of the National Economic Council, has come under fire for his remarks during a Fox News interview regarding the financial health of Americans. Responding to a report that 13% of Americans have delinquent credit card balances—the highest rate since the 2008 financial crisis—Hassett dismissed concerns, stating that while there is some stress among credit card companies, it does not indicate a financial threat. His comments drew sharp criticism from political analysts and social media users alike, with many highlighting the disconnect between his perspective and the realities faced by struggling Americans. For instance, Navy veteran Jared Sears and Rep. Sean Casten (D-IL) expressed their disbelief at Hassett's remarks, suggesting they reflect a broader neglect of the financial struggles of ordinary citizens in favor of corporate interests. The backlash underscores the growing concern over economic inequality and the need for a more empathetic approach to governance, especially in light of rising delinquency rates.
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The rising delinquency rates indicate growing financial strain among Americans, potentially leading to increased economic hardship for many households.
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