MarketWatch/Shawn Langlois./2-24-2020
“There are other consumers whose incomes have not budged much. They have jobs but are living paycheck to paycheck, and not because they’re splurging but because, at their level of the economy, prices of basic goods and services have run away from them.” – Wolf Richter, Wolf Street
USAGOLD note: That group, according to this article, has sent credit card delinquency rates at smaller banks to levels not seen since the last credit crisis.
