US households are under pressure from rising prices, and credit-card delinquency rates have soared past pre-pandemic levels, the Federal Reserve said.
  • WashedOver@lemmy.ca
    10·
    7 months ago

    It almost seems like a trap was set with the low interest rates, cheap mortgages, and plenty of stimulus money being released in the market.

    Now with everything skyrocketing in cost to maintain so many have been found to have their hands in the trap.