New term: CDG Bomb https://t.co/rWOvE3v0HR — Car Dealership Guy (@GuyDealership) May 26, 2023 h/t Simian_Stacker
Already worse than 2008. https://t.co/SHSyomwhhA — Financelot (@FinanceLancelot) May 9, 2023 Meanwhile, credit card interest rates are rising at a historic pace. The average rate on credit card debt in the US just hit a record 24%. All while 73% …
Credit 💳 Card Delinquency pic.twitter.com/HZkNQCMpXt — Win Smart, CFA (@WinfieldSmart) April 6, 2023 Demand downturn is now the dominant reason for US layoffs. Source: @LPL pic.twitter.com/sGMVl6lfiv — (((The Daily Shot))) (@SoberLook) April 7, 2023 JPMORGAN CEO DIMON: PEOPLE SHOULD BE …
by ihpalash I urge everyone to read this article carefully. https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/ ​ More people are using their credit cards, to fight inflation. Put their income is not enough to live by. So they racking up credit card debt, ​ People …
via pymnts: The paycheck-to-paycheck pressures are showing up in the cards. Though we don’t have all the details yet, from all the issuers, there are at least some recent stats that show cardholders falling a behind on their monthly obligations. The …
https://www.bloomberg.com/news/articles/2019-02-16/u-s-student-debt-in-serious-delinquency-tops-166-billion?srnd=premium Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth. The total in arrears is about twice the amount the U.S. Treasury provided to bail out the auto …
via CNBC: For example, 27 percent of people in Florence, South Carolina, who bought their car with a so-called subprime score — defined as a VantageScore between 300 and 600— are delinquent. Yet just 3 percent of residents with …
https://twitter.com/OccupyWisdom/status/1024871289415188481 Chart: US auto sales continue to slow – pic.twitter.com/TRT0RwVFIl — (((The Daily Shot))) (@SoberLook) August 2, 2018 Housing demand sees biggest drop in more than 2 years Housing demand fell 9.6 percent in June, compared with June 2017, according …
h/t @StockBoardAsset WEALTH EFFECT DEFECT Small business optimism
by Victor Mozambigue Rising household debt is not the only concern for US homeowners. A rising rate of delinquencies is making the credit situation even worse. The Dodd-Drank regulations have helped in tightening the loan bandwagon but the lending crisis …
