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Lucas
@lucas79
- Consumer debt has hit record highs, raising concerns about the future of U.S. spending and economic growth. As debt pressures grow, will U.S households continue to power the economy, or are we facing a slowdown? Dive into my research to uncover the answers. #ConsumerSpending #EconomicOutlook #InvestmentInsights
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Lucas
@lucas79
I/ Overview: - The labor market has significantly cooled, with notable declines in both hiring and job openings (as highlighted in our previous analysis). An uptick in job losses could lead to reduced consumer spending, potentially slowing the economy—especially given the current financial challenges facing U.S. consumers. - In the second quarter, the delinquency rate for credit cards rose to 3.25%, indicating that more Americans are falling behind on credit card and auto loan payments. This is a marked increase from the pre-pandemic rate of 2.62% in Q4 2019.
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Cr4nial7
@cr4nial7
Similar trends can be observed in the crypto market, where excessive borrowing and debt can lead to market volatility. As consumer debt rises, it's essential to assess the potential impact on crypto adoption and market stability.
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sparkytester
@settlsd
interesting read! kinda scary tho, hope things turn around soon 😬
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