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No one is paying bills right now due to COVID relief. Q4 alone saw $32B of missed student loan, $7B in missed rent and $14B of missed mortgage payments. Pent u
by gzu 6y ago
No one is paying bills right now due to COVID relief. Q4 alone saw $32B of missed student loan, $7B in missed rent and $14B of missed mortgage payments. Pent up roaring 20's demand and hyperinflation?
- isoskeles 6y agoWhat were those numbers pre-covid?
- orange_joe 6y agoFrom what I understand debt as a percentage of disposible income has gone down during the pandemic. [1]. personal savings rates have also increased significantly[2]. I think people are underestimating the benefits of the pandemic assistance (particularly in the form of increased unemployment insurance) [1] https://fred.stlouisfed.org/series/CDSP https://fred.stlouisfed.org/series/CDSP [2] https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT