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> Without well paid middle classes, who is buying all the fancy goods and services? People charging on their credit cards. Consumers are adding $2 billion in n
by Hilift 1y ago
> Without well paid middle classes, who is buying all the fancy goods and services?
People charging on their credit cards. Consumers are adding $2 billion in new debt every day.
"Total household debt increased by $167 billion to reach $18.20 trillion in the first quarter"
https://www.newyorkfed.org/microeconomics/hhdc https://www.newyorkfed.org/microeconomics/hhdc