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News@lemmy.world · 7 months ago

'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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News@lemmy.world · 7 months ago

As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.

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7 months ago
Just saw a clip of a $1300 car payment on $3300 income. Floored.
- ThrowawayOnLemmy@lemmy.world
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  Yeah it’s almost always stupid expensive cars that get people in stupid debt on that show. But they “had to have a new car” 🙄

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