The consumer is tapped out and the Fed can’t cut rates. Even with multiple jobs, Americans are desperately struggling.

Sharing is Caring!

American households are in crisis mode as record jobholders struggle to make ends meet amidst soaring credit card delinquencies, painting a bleak picture of the nation’s financial health.

  • Record number of Americans hold multiple jobs, yet still face desperate financial struggles.
  • Credit card delinquency rates hit all-time highs, with nearly 3.5% of balances past due by at least 30 days.
  • Serious delinquency rates on credit cards rise at the fastest pace since the Great Financial Crisis, signaling deepening financial woes.
  • Stubbornly high rents thwart efforts by the Federal Reserve to combat inflation, prolonging the economic hardship faced by many households.
See also  12 Fast Food Chains That Are Seriously Struggling Right Now

 

Sources:

Are US consumers’ finances seriously stretched?

CORN: America Is Broken, and the Media Ain’t Helping…

See also  We are missing 1.7 million Americans from the workforce compared to February of 2020

 

David Hogg learns the hard truth of Bidenomics.

Views: 97

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.