Shocking Drop In Auto Loans Results In Weakest Consumer Credit Print Since 2020
July 10, 2023 at 15:41 PM EDT
Last month, when both revolving credit (i.e., credit card debt) and interest charged on credit cards hit a record high, we said that this trajectory was unsustainable and it was only a matter of time before the debt-funded US consumer hit a brick wall. One month later, the brick wall is finally here, because according […] Source