Major Banks Are Seeing Record Credit Losses As Households Are Buried In Debt

High interest rates, record inflation, soaring food prices, auto repos and home foreclosures are skyrocketing. Things are more expensive than ever and the value of the money people are earning is worth less than ever. They say, things you need are more expensive while things you want are less expensive as people are focusing on things they need in this economy instead of buying things they want.

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