oh shit .. 05:15 in the morning
just spend a night researching #US #consumer houshold #debt, without noticing
at least you can profit of my stupidity because I'm telling now that the world is clearly headed into a 2008 style global #EconomicCrisis
epicenter will again be the #USA
this time it isn't going to be just a #mortage default crisis but a everything default (#AutoLoans, #CreditCard, #StudentDebt, ..)
and the trigger is #tariffs & #doge adding to an already financially hurting nation
Americans Under Increased Financial Stress
Read more 👉 https://lttr.ai/AbWv3
The median credit score for newly originated mortgages remained consistent at 770.
Read more 👉 https://lttr.ai/Aafc8
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Credit bureau reports will reflect the missed Federal student loan payments only at the end of 2024.
Read more 👉 https://lttr.ai/AZ4XR
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Due to these policies, less than 1% of the total student debt was reported as 90+ days delinquent or in default in 2023 and is expected to remain low until at least the end of 2024
Read more 👉 https://lttr.ai/AZ4S9
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
This rising trend signals a worrisome pattern, shedding light on the challenges many Americans are encountering.
Read more 👉 https://lttr.ai/AZmIM
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
On an annualized basis, around 8.5% of credit card balances shifted into delinquency.
Read more 👉 https://lttr.ai/AYAvH
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
There was a 10% increase in individuals holding 401(k) accounts, with over a million compared to the previous quarter.
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#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Increasing 401(k) Hardship Withdrawals Cast a Shadow on Middle-Class Financial Stability
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#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Up one flight of stairs to the office of the Farm Security Administration, Rural Rehabilitation Division. Visalia, Tulare County, California
#Visalia #TulareCounty #California #HadenCo #AutoLoans #AetnaInsurance
Prices are starting to fall at car dealerships. Is it time to buy?
Sticker prices at dealerships have started to come down and affordability is improving, experts say. But some are still advising buyers to pause.
#globalnews #Canada #Consumer #Money #autoloans
https://globalnews.ca/news/10610045/car-dealership-prices-when-to-buy/
Prices are starting to fall at car dealerships. Is it time to buy?
Sticker prices at dealerships have started to come down and affordability is improving, experts say. But some are still advising buyers to pause.
#globalnews #Canada #Consumer #Money #autoloans
https://globalnews.ca/news/10610045/car-dealership-prices-when-to-buy/
Prices are starting to fall at car dealerships. Is it time to buy?
Sticker prices at dealerships have started to come down and affordability is improving, experts say. But some are still advising buyers to pause.
#globalnews #Canada #Consumer #Money #autoloans
https://globalnews.ca/news/10610045/car-dealership-prices-when-to-buy/
More individuals face immediate and significant financial strains, leading them to tap into their retirement savings as a solution.
Read more 👉 https://lttr.ai/ATpQW
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
It is plausible that the escalating prices and resulting debt service payments negatively impact borrowers’ financial positions and make it more challenging to meet their financial obligations.
Read more 👉 https://lttr.ai/ASdfu
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Serious credit card delinquencies increased across all age groups, particularly among younger borrowers, surpassing pre-pandemic levels.
Read more 👉 https://lttr.ai/ARkBE
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Total household debt rose by $212 billion to reach $17.5 trillion in the fourth quarter of 2023, according to the Federal Reserve Bank of New York.
Read more 👉 https://lttr.ai/AQm8Y
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Mortgage balances increased by $112 billion from the previous quarter, reaching $12.25 trillion at the end of 2023.
Read more 👉 https://lttr.ai/APd6E
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
On an annualized basis, about 8.5% of credit card balances and 7.7% of auto loans became delinquent.
Read more 👉 https://lttr.ai/APKfu
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Americans are experiencing rising prices in various areas, including purchases made with credit cards, grocery expenses, fuel costs, and other goods.
Read more 👉 https://lttr.ai/APF6e
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
