EconomyWhitney: Credit Card Balances Are Keeping Pace With Inflation

Meredith Whitney, chief executive of Meredith Whitney Advisory Group, discusses American household finances on Bloomberg Money. She says many people are living from payday to payday. Whitney, Scarlet Fu and Tom Keene also examine how consumers are using credit cards. The discussion focuses on credit-card balances rising at a pace comparable with inflation and what that indicates about consumer borrowing.