{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Wealth Recap","title":"The $1.25 Trillion Credit Card Problem, Retirement Savings Hit a Record, the World Cup Economy, and a Policy Debate About Your Retirement Plan","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/0cef972f\"></iframe>","width":"100%","height":180,"duration":761,"description":"This week: Credit card delinquencies have reached their highest level since the financial crisis, with $1.25 trillion in total balances and average rates at 21%, and we explain how compound interest can work against borrowers. Americans are saving more for retirement than ever before, but the gap between who has access to a plan and who does not reveals a significant divide. The World Cup kicks off next week across eleven U.S. cities with projections of $17.2 billion in economic activity, and we look at whether those numbers hold up to scrutiny. And a policy proposal that could change what types of investments are available inside retirement plans has drawn nearly 45,000 public comments, centered on a concept worth understanding: fiduciary duty.\nSources referenced in this episode:\nWSJ (Credit Card Debt) — https://www.wsj.com/personal-finance/credit/us-credit-card-debt-af5c7c77\nFederal Reserve Bank of New York (Consumer Credit Panel) — https://www.newyorkfed.org/microeconomics/hhdc\nFederal Reserve (G.19 Credit Card Rate Survey) — https://www.federalreserve.gov/releases/g19/current/\nBarron's (Retirement Savings) — https://www.barrons.com/articles/retirement-savings-rate-fidelity-e711bf75?refsec=retirement&mod=topics_retirement\nFidelity Investments (Q1 2026 Retirement Analysis) — https://newsroom.fidelity.com/pressreleases/fidelity-q1-2026-retirement-analysis--401-k--and-403-b--savings-rates-reach-record-levels--despite-u/s/f8f4ee41-ab58-4f14-9adb-dcb4feb3f2c7\nCBS News (World Cup Tourism) — https://www.cbsnews.com/news/world-cup-fifa-2026-tourism-us\nFIFA/WTO (Economic Impact Study) — https://digitalhub.fifa.com/m/152f754a8e1b3727/original/FIFA-World-Cup-2026-Socioeconomic-impact-analysis.pdf\nEuronews (World Cup Analysis) — https://www.euronews.com/business/2026/06/02/the-2026-world-cup-billions-promised-but-will-the-economic-boom-arrive\nBarron's (401(k) Alternatives Proposal) —...","thumbnail_url":"https://img.transistorcdn.com/ThiqWOkvAKuwT04liIdk7PRJTVJx2a6dnFZG6naTYzE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZTI3/MDhhYzJiYTdkZTFj/MjM3MTNlYWZmOWU4/ZGJkMi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}