401K early withdrawals are up almost 40% YoY and credit card debt is also up massively. If interest rate increases do lead to eventual job losses things will ge

401K early withdrawals are up almost 40% YoY and credit card debt is also up massively. If interest rate increases do lead to eventual job losses things will get ugly fast real estate is the thing to watch, if even a small number job losses happen people will have no choice but to sell even if they want to keep their low interest rate(home prices have stayed relatively flat because everybody is staying put, so low inventory on paper). Interest rate increases have resulted in significantly lower buying power, so home prices will have to drop. Forced sales will cause others to rush for the exit and cause even further price drops