High borrowing and low personal savings are dashing hopes of an economic soft landing

Link without paywall

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

  • PugJesus@lemmy.worldEnglish
    0·
    23 days ago

    The Telegraph is sometimes called the Torygraph for its deeply conservative leanings. Curious to see who uses and spreads such right-wing sources.