I think that was still residual effects from the Great Recession, people whose salary took a major hit, were able to save less on the same lifestyle, probably took on more CC debt. In other words, the wages part of the equation was down more than prices.
I think that was still residual effects from the Great Recession, people whose salary took a major hit, were able to save less on the same lifestyle, probably took on more CC debt. In other words, the wages part of the equation was down more than prices.