by Justin Spittler
Americans are falling behind on their credit card debt.
As you’re about to see, credit card “defaults” are rising for the first time in six years.
This is a serious problem for credit card companies. It’s also a big problem for retailers, car makers, and any other company that depends on consumer credit.
If this keeps up, shares of America’s biggest consumer companies could plunge.
You could even lose a lot of money without having a single penny invested in this sector.