A Ticking Time Bomb: Rising Consumer Debt and Rising Interest Rates

A Ticking Time Bomb: Rising Consumer Debt and Rising Interest Rates

SGT Report - 2023-01-12 - Original post - Cached copy

by Peter Schiff, Schiff Gold: Rising consumer debts colliding with rising interest rates is a ticking time bomb. Over the last several months, consumer debt has climbed at a steep, steady pace as Americans struggle with rising prices. November was no different, with consumers piling on another $27.9 billion in debt. With the 7.1% increase in […]

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