Working people were forced to rack up over $46 billion in credit card debt between April and June to afford necessities.
Very important piece and I feel like this will only get worse. Your focus on the debt being for *necessities* is so so important in the overall discussion. Thanks, Jordan! ~ Jenn
The implication is that the consumer is tapped out, and increasing debt default rates will show up this winter as the economy slows.
Very important piece and I feel like this will only get worse. Your focus on the debt being for *necessities* is so so important in the overall discussion. Thanks, Jordan! ~ Jenn
The implication is that the consumer is tapped out, and increasing debt default rates will show up this winter as the economy slows.