Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending.
They keep the interest rate high to stop people from buying things. But the things we need to buy are food and the demand isn’t going to fall. so people are using credit more than ever and they have no way to pay it back. The stocks have gone up but only because all these companies are in a position to skew us all now.
They keep the interest rate high to stop people from buying things. But the things we need to buy are food and the demand isn’t going to fall. so people are using credit more than ever and they have no way to pay it back. The stocks have gone up but only because all these companies are in a position to skew us all now.