I wish this was noteworthy, but it's a paltry sum. The thing that's noteworthy is that the banks are clear that people can't pay their bills. I wish we could get that data plotted on a chart over time and see what's happening to people in the USA at least monthly. With the commercial real estate sector being just a massive loss and most job creation being low wage, and more people in the gig economy with multiple jobs, and credit card debt rising, and medical debt rising, and boomerang sanctions, it's only a matter of time before the working class breaks.
I wish this was noteworthy, but it's a paltry sum. The thing that's noteworthy is that the banks are clear that people can't pay their bills. I wish we could get that data plotted on a chart over time and see what's happening to people in the USA at least monthly. With the commercial real estate sector being just a massive loss and most job creation being low wage, and more people in the gig economy with multiple jobs, and credit card debt rising, and medical debt rising, and boomerang sanctions, it's only a matter of time before the working class breaks.
Yeah, the direction of travel is not great.