People Have STOPPED PAYING THEIR BILLS!

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Published 2024-04-27
The Chicago FED just reported a deep concern for the rising delinquencies on all forms of consumer debt, including credit card, delinquencies, auto loan delinquencies, student loan, delinquencies and non payment of rent. This cascading wall of debt is not only hitting consumers but the U.S. economy as a whole as businesses are also reporting a slowdown in hiring and more planned layoffs coming.

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All Comments (21)
  • @Dantursi1
    Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
  • @tonysilke
    More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
  • It is cheaper for my family to buy a round trip plane ticket to Bulgaria (where my wife is from) and get medical and dental procedures done there. Than to drive to the doctor down the road and get treatment. This country is a joke.
  • @JustSomeGoy
    Our government doesnt pay it's bills, why should citizens?
  • Ive given up drinking, given up smoking, sold my car and just use the work truck. Cutting everything to the bone and we just get by. Inflation has been 25% easily the last 12 months on everything.
  • @JENNerationX
    At this point people don’t care about credit rating - they care more about survival.
  • @thepuffin-ss9ln
    The "leaders" in this country look like people stealing the silverware while the titanic sinks
  • @MichaelPaparelli
    Slavery didn't END. It just encompassed all the races.( charles Bukawski).
  • @KirksCORNER
    I stopped paying taxes a year ago now and will Continue to stop filing.
  • @bugajk25
    The system is collapsing!!!!!! Keep up the good work patriots
  • @sts242
    All I'm gonna say is I'm old enough to remember when mom stayed home and dad worked. Those were the best days in America.
  • Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.
  • @Timbodacious
    People went to war to fight like 5% taxation, now people pay roughly 30% income tax PLUS taxes on all of their purchases and property. We failed ourselves by letting taxes increase.
  • @thearch1tect249
    The one guy I work with said and I quote "why bother because it doesn't matter whether I do the right thing or the wrong thing, the outcome is the same". When normally moral and ethical people start speaking and acting this way we are in big trouble people!!
  • They did two things: gave everyone supposedly free money with stimulus checks. Cleared the country to return to work home or at physical locations. Then, businesses were to raise prices to make up for their losses during the pandemic. Fed can raise or lower interest rates to manipulate how we use credit or obtain homes. The gouging we see is all by design. They know people will still adapt to it all and your life is always being marginalized constantly