As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.
  • dezmd@lemmy.worldEnglish
    21·
    11 months ago

    Just saw a clip of a $1300 car payment on $3300 income. Floored.

    • ThrowawayOnLemmy@lemmy.world
      11·
      11 months ago

      Yeah it’s almost always stupid expensive cars that get people in stupid debt on that show. But they “had to have a new car” 🙄