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uriomovich | 2 months ago (raw) | root | parent | reply | flag +2 
 There is a case to be made where the job market is already bad and folks are tapping the savings to keep the boat afloat


https://m.primal.net/KcVg.jpg
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marapig | 2 months ago (raw) | root | parent | reply | flag +1 
 Soooo not raising rates I take it 😂
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dave | 2 months ago (raw) | root | parent | reply | flag +3 
 savings rate is down and may even be negative excluding govt transfer payments from income. also seeing credit card balances increase meaningfully. auto and cc delinquencies on the rise
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james | 2 months ago (raw) | root | parent | reply | flag 
 Exactly
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james | 2 months ago (raw) | root | parent | reply | flag +1 
 Credit card defaults in lower demographics foot with this.