Higher Interest Rates Are Splitting the Economy in
Two
https://www.bloomberg.com/opinion/articles/2023-08-24/jackson-hole-higher-interest-rates-divide-the-us-economy-housing-market
Big corporations and existing homeowners reap the benefits as smaller companies and prospective homebuyers are on the outside looking in.
https://www.bloomberg.com/opinion/articles/2023-08-24/jackson-hole-higher-interest-rates-divide-the-us-economy-housing-market
Big corporations and existing homeowners reap the benefits as smaller companies and prospective homebuyers are on the outside looking in.
Delinquencies rise for credit cards and auto loans,
and it could get worse
https://www.washingtonpost.com/business/2023/08/30/delinquencies-credit-auto-loans/
More Americans are falling behind on their car loan and credit card payments than at any time in more than a decade, a troubling signal of consumer stress as higher prices and rising borrowing costs are squeezing household budgets.
https://www.washingtonpost.com/business/2023/08/30/delinquencies-credit-auto-loans/
More Americans are falling behind on their car loan and credit card payments than at any time in more than a decade, a troubling signal of consumer stress as higher prices and rising borrowing costs are squeezing household budgets.