A decades-low unemployment rate, wage growth, and solid gains in GDP point to a strong economy but there is a shadow to the overall rosy picture according to Money Management Counselors Executive Director Leslie Boden. She says loosening credit card standards are beginning to get consumers in trouble.

Credit card debt has stayed generally flat since the last recession. Auto loans and student debt were the main drivers of growth in the recent past. Given the additional debt burden, there is little wiggle room left over for absorbing new credit card debt.