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Why Inflation is NOT Over | $13 Trillion in Interest Payments Hidden Crisis
With high inflation and rising interest rates on consumer debt, an increasing percentage of workers considered to be high-income earners now say they live paycheck to paycheck. According to a recent survey by the banking firm LendingClub and the payments news website PYMNTS, 64% of a representative sample of nearly 4,000 U.S. consumers now say they are just getting by. That's an increase from 61% the previous year.
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
#inflation #layoffs #recession #financialcrisis #business #jobs #economy #finance #stocks #investing #debt #usa #worldnews #crisis #worldeconomy #moneymindset #fed
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