More US consumers are falling behind on payments

beat analyst forecasts as lending giants earned a windfall from rising interest rates. But industry chiefs warned that the strength would tail off this year as a recession looms and customer delinquencies climb.

Delinquency rates were rising as anticipated, but still stood below normal levels in the bank's "very high quality" loan portfolio, said Mark Mason, the bank's finance chief. Bank of America provisioned $931 million for credit losses in the quarter, much higher than the $30 million a year prior, but below fourth quarter $1.1 billion provision. Total net charge-offs with credit reached $807 million, increasing from the former quarter but still below pre-pandemic levels, the bank said in its earnings release.

Thanks to Bidenflation; highest in 40yrs but hey, build back better 🤡🤡🤡

Savings are completely depleted.

FED Please jackup interest rate faster to finish-off the suffering of these poor people

Didn't you get the memo? Best economy ever from the best President ever.. Better send this back for a re-write.

Stop taking out payments, problem solved.

Liberals bringing down the average. Again.

They should come to San Francisco where you can shop for free aka shoplifting without consequences

That’s so weird. All these raises going around I just don’t understand /s

é você, satanás? digo, 2008?

Nice picture, propagandists.

Aren't we all

In other words.. the millions of us who own half the country’s wealth are having trouble paying the five people who own the other half.

We have no debts infact all cars driven by Zimbabweans are bought for cash including bicycles and other properties you may think of.

OFC, resources are a zero sum game - When the rich continue to grow wealth, those at the bottom starve to death - like they do everyday.

More loans carry unrealistic interest rates.

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