Consumers are really, really indebted

<p>A new report from the Federal Reserve Bank of New York says credit card debt reached all-time highs at the end of 2022, around $986 billion in total. A look into why that matters, and what it says about the economy. As Turkey recovers from a devastating set of earthquakes that rocked the country&#8217;s southern region this month, questions are arising about a so-called &#8220;earthquake tax&#8221; that&#8217;s been in place since 2004. And, while revenue from online ads shrinks for giants like Meta and Alphabet, small businesses are keeping up their advertising campaigns.</p>