Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/moneygps
Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨
See important Masterworks disclosures: masterworks.com/cd
Rising delinquencies, or an increase in the number of individuals who are unable to make payments on their debts, can be an indication of financial distress among consumers. This can signal that a significant portion of the population is struggling to make ends meet, which can have a negative impact on the overall economy.
During a recession, delinquencies typically rise as unemployment increases and incomes decline, making it more difficult for individuals to meet their financial obligations. This was the case during the 2008 financial crisis when delinquency rates on mortgages, credit cards, and other types of debt soared as the economy went into a recession.
The rising delinquencies in the wake of the financial crisis had a cascading effect on the economy as it led to foreclosures, evictions, and financial hardship for many families. Additionally, it also put a strain on banks and other financial institutions, many of which were required to write off bad loans and take significant losses.
Overall, rising delinquencies can be a sign of economic turmoil and financial stress among consumers, and it is important for policymakers and financial institutions to closely monitor this trend and take steps to mitigate its impact.
TOPICS AND TIMESTAMPS:
Mass Layoffs 11:39
💵 HOW TO MAKE MONEY ON AMAZON: 💵
👉 http://TheAmazonGPS.com 👈
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU
SUPPORT MY WORK: https://www.patreon.com/themoneygps
Buy GOLD and SILVER from Miles Franklin:
Call 1-888-81-LIBERTY (Tell them The Money GPS sent you)
Sources Used in This Video:
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 #money #economy #debt #society #usa #dollar #finance