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re: The Crash Will Blow Everyone’s Mind and It Starts Right Now 5/18
Posted on 5/18/22 at 4:13 pm to Shepherd88
Posted on 5/18/22 at 4:13 pm to Shepherd88
quote:
As of the 4th quarter consumers needed to use 14% of their after tax incomes to meet their financial obligations, which are debt service plus rents and payments for car leases and similar cost. For comparison, that’s lower than it ever was pre - COVID, dating back to at least 1980.
(Source: Brian Wesbury, First Trust chief economist)
There is no way that this is correct. Average rent is what 1000 at best? And this plus ither obligations is only 14% of take home? The average consumer is taking home 7k after tax a month???
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