The credit card debt in the United States has reached a record high of $1.21 trillion. It's quite contradictory now. On one hand, the unemployment rate is at a historical low, and the average hourly wage continues to rise. On the other hand, more and more people are choosing to use credit cards for early consumption. One reason is that the stock market continues to rise, and investors are making a lot of money. On the other hand, inflation is difficult to decrease due to economic stability. On one hand, it is claimed that there will never be a hard landing, and on the other hand, the probability of black swan events occurring under high interest rates has increased, leading to a decrease in investor preferences.