How expensive is US consumer debt?
— The Kobeissi Letter (@KobeissiLetter) June 20, 2024
Personal interest payments as a percentage of disposable personal income have spiked to 2.5%, the highest since the 2008 Financial Crisis.
Over the last 2 years, consumer interest costs have surged at a record pace relative to income.
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Trillionaires and God from THE BIG
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