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Steve Eisman: U.S. Consumers Are Collapsing: Cars, Credit, & the Chaos Ahead [video]
- toomuchtodo 1y agoLots of great info, the two facts that stuck out to me: * 69% of the US population are living paycheck to paycheck * 25% of American consumers are using BNPL (buy now pay later) to pay for groceries
- throwawayqqq11 1y agoCovid drained the US household savings and they didnt recover. https://ycharts.com/indicators/us_personal_saving_rate https://ycharts.com/indicators/us_personal_saving_rate This shows that one time payments of covid relief money doesnt really do much.