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News@lemmy.world · 7 months ago

'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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News@lemmy.world · 7 months ago

As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.

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7 months ago
Because buying shit is addictive, and credit card companies exploit people with poor impulse control. Most people don’t know how compound interest works either.

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