Steve Eisman: U.S. Consumers Are Collapsing: Cars, Credit, & the Chaos Ahead [video]
youtube.com
youtube.com
* 69% of the US population are living paycheck to paycheck
* 25% of American consumers are using BNPL (buy now pay later) to pay for groceries
https://ycharts.com/indicators/us_personal_saving_rate
This shows that one time payments of covid relief money doesnt really do much.