Oddbean new post about login | logout It is becoming very hard for Americans to pay their debts as they get thrown into the tumbler of inflation eating into their ability to sustain an expected quality of life and a job market that has turned many people into triple "employed" gig workers. https://tftc.io/consumer-credit-delinquency-rates/
"While I am no fan of credit myself and I think people should avoid it as much as humanly possible" Would you ever advocate it for buying #bitcoin? #asknostr @MartyBent nostr:note16qvn6d6k2x7nrqyh2tr29az0hxcehr97j449c4yztdauksed536s7nhy80
As a business owner it has been painfully obvious that over the last 1-2 years people have less and less expendable income each month. Eyeball test tells me it’s already worse than 2007-2008. It was tough then but this appears to be trending towards infinitely worse.