The surge in online searches for “give car back” reaching an all-time high, and the concurrent trend of “can’t pay credit card,” signals financial distress among individuals.
For everyone DMing me:
No, you can’t “give back” a car 🙃
That’s a repossession.
— CarDealershipGuy (@GuyDealership) October 30, 2023
Personal savings rate trends are appalling. There is absolutely no way consumer spending will be healthy. Pandemic changed the behavior drastically and told the consumers to keep spending until they are broke. 400 PhD's don't have a model for this because it is a social trend 🙂 pic.twitter.com/sXTGtt0Ni8
— gamage viriththamulla (@ashane888) October 30, 2023