4/ The financial pressure on consumers is evident in the increasing number of defaults
Consumer defaults is now climbing at the fastest pace since 2007
While still below 2007 peaks, if current trends persist, we could hit 2008 levels H1 2025 pic.twitter.com/K1j77j1n8L
— Bravos Research (@bravosresearch) September 24, 2024
ShopperTrak same-store retail traffic is a total disaster, down 3.3% YoY. Much better indicator of real consumer spending than retail sales pic.twitter.com/M7cVx3elBv
— zerohedge (@zerohedge) September 24, 2024