Chapter
Consumer Credit Crisis in 2021
1:11:31 - 1:15:43 (04:12)
A significant percentage of people's income is spent on monthly car payments and with consumers not being able to meet their debt obligations, the U.S is predicted to run into a real wall with respect to consumer credit this year.
Clips
The complicated interwoven market of assets will cause consumers to struggle to meet their debt obligations.
1:11:31 - 1:15:43 (04:12)
consumer credit crisis
Summary
The complicated interwoven market of assets will cause consumers to struggle to meet their debt obligations. A high percentage of people's income go towards monthly car payments, and credit card companies and mortgage lenders will also be affected.