Household debt jumped by $1 trillion in 2021, the most since 2007 – CNN

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CNN’s Gabe Cohen reports.”},{“title”:”Her debt looms ‘like a monster.’ Now she faces higher interest rates”,”duration”:”02:58″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/02/rising-interest-rates-americans-fear-yurkevich-newday-dnt-vpx.cnn/index.xml”,”videoId”:”business/2022/02/02/rising-interest-rates-americans-fear-yurkevich-newday-dnt-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220204083432-jennifer-matarese-interest-rates-large-169.jpg”,”videoUrl”:”/videos/business/2022/02/02/rising-interest-rates-americans-fear-yurkevich-newday-dnt-vpx.cnn/video/playlists/business-economy/”,”description”:”In order to set off the high inflation that Americans have endured over the pandemic, banks will soon be raising interest rates that could potentially hurt those in debt. CNN’s Vanessa Yurkevich reports. “,”descriptionText”:”In order to set off the high inflation that Americans have endured over the pandemic, banks will soon be raising interest rates that could potentially hurt those in debt. CNN’s Vanessa Yurkevich reports. “},{“title”:”‘China is facing an economic crisis’: Soros on China and Xi Jinping”,”duration”:”01:05″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/02/01/soros-on-china-and-xi-jinping-orig.cnn-business/index.xml”,”videoId”:”business/2022/02/01/soros-on-china-and-xi-jinping-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220201121229-soros-on-china-large-169.jpg”,”videoUrl”:”/videos/business/2022/02/01/soros-on-china-and-xi-jinping-orig.cnn-business/video/playlists/business-economy/”,”description”:”Billionaire investor George Soros warned China’s economy, especially the real estate market, is facing a crisis under President Xi Jinping.”,”descriptionText”:”Billionaire investor George Soros warned China’s economy, especially the real estate market, is facing a crisis under President Xi Jinping.”},{“title”:”US economic growth in 2021 was the strongest since 1984″,”duration”:”02:18″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/27/us-economy-gdp-2021-romans.cnnbusiness/index.xml”,”videoId”:”business/2022/01/27/us-economy-gdp-2021-romans.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211217164208-us-economy-bad-jobs-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/27/us-economy-gdp-2021-romans.cnnbusiness/video/playlists/business-economy/”,”description”:”US gross domestic product expanded 5.7% last year, the fastest pace since 1984. CNN’s Christine Romans reports.”,”descriptionText”:”US gross domestic product expanded 5.7% last year, the fastest pace since 1984. CNN’s Christine Romans reports.”},{“title”:”The Fed signals rate hike coming ‘soon'”,”duration”:”02:05″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness/index.xml”,”videoId”:”business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness/video/playlists/business-economy/”,”description”:”The Federal Reserve signaled it would raise interest rates “soon,” likely in March, making it the first rate hike in over three years. CNN’s Matt Egan reports.”,”descriptionText”:”The Federal Reserve signaled it would raise interest rates “soon,” likely in March, making it the first rate hike in over three years. CNN’s Matt Egan reports.”},{“title”:”IMF chief explains why she thinks inflation will end in 2023″,”duration”:”01:40″,”sourceName”:”CNN”,”sourceLink”:”http/edition.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn/index.xml”,”videoId”:”business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220125142724-imf-kristalina-georgieva-january-25-2022-screengrab-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn/video/playlists/business-economy/”,”description”:”Kristalina Georgieva, managing director of the International Monetary Fund, explains why she believes that the rapid inflation experienced in the US and other countries can end if the pandemic is brought under control in 2022.”,”descriptionText”:”Kristalina Georgieva, managing director of the International Monetary Fund, explains why she believes that the rapid inflation experienced in the US and other countries can end if the pandemic is brought under control in 2022.”},{“title”:”EU considers economic warfare against Russia “,”duration”:”02:49″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn/index.xml”,”videoId”:”business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220125063247-european-union-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn/video/playlists/business-economy/”,”description”:”As tensions grow between Ukraine and Russia, the European Union is preparing to enact sanctions against Russia in order to weaken their economy. CNN’s Anna Stewart reports. “,”descriptionText”:”As tensions grow between Ukraine and Russia, the European Union is preparing to enact sanctions against Russia in order to weaken their economy. CNN’s Anna Stewart reports. “},{“title”:”World Bank President: Rich are getting richer”,”duration”:”01:53″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121132246-david-malpass-world-bank-president-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Capital allocation of the world is mostly going to advanced economies and the wealthy, World Bank President David Malpass says. And with Wall Street and financial centers issuing bonds on behalf of the rich, reducing world poverty won’t be easy, according to Malpass. “,”descriptionText”:”Capital allocation of the world is mostly going to advanced economies and the wealthy, World Bank President David Malpass says. And with Wall Street and financial centers issuing bonds on behalf of the rich, reducing world poverty won’t be easy, according to Malpass. “},{“title”:”Jobs recovery to stumble in 2022 UN agency warns”,”duration”:”03:56″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness/index.xml”,”videoId”:”business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220119154640-job-prediction-2022-un-ilo-guy-ryder-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness/video/playlists/business-economy/”,”description”:”Employment will fall 52 million jobs short of pre-pandemic levels worldwide, leaving more than 200 million people unemployed in 2022, according to the United Nations International Labour Organization. ILO Director General Guy Ryder says we haven’t yet reached a new normal. “,”descriptionText”:”Employment will fall 52 million jobs short of pre-pandemic levels worldwide, leaving more than 200 million people unemployed in 2022, according to the United Nations International Labour Organization. ILO Director General Guy Ryder says we haven’t yet reached a new normal. “},{“title”:”Where are all the workers? Here are four reasons behind the labor shortage”,”duration”:”03:32″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/14/labor-shortage-economy-js-orig.cnn/index.xml”,”videoId”:”business/2022/01/14/labor-shortage-economy-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220111145511-us-help-wanted-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/14/labor-shortage-economy-js-orig.cnn/video/playlists/business-economy/”,”description”:”Where have all the workers gone? It’s a question that politicians, business owners, and economists are all asking. CNN Business’ Jon Sarlin dives into just what’s behind the unprecedented labor market.”,”descriptionText”:”Where have all the workers gone? It’s a question that politicians, business owners, and economists are all asking. CNN Business’ Jon Sarlin dives into just what’s behind the unprecedented labor market.”},{“title”:”‘It’s insane’: Gas station owner reveals what inflation is doing to his business”,”duration”:”02:59″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220113095139-gas-pump-nyc-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Americans are struggling to keep up with rising prices as inflation grows at the fastest annual pace in almost 40 years. CNN’s Vanessa Yurkevich reports.”,”descriptionText”:”Americans are struggling to keep up with rising prices as inflation grows at the fastest annual pace in almost 40 years. CNN’s Vanessa Yurkevich reports.”}],’js-video_headline-featured-24vbuy9′,”,”js-video_source-featured-24vbuy9″,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length