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Consumers’ relationship with debt is changing as the Fed flip flops on further rate hikes

  • 6% of consumers expect to increase their borrowing in case of income loss, which is the highest number of people eyeing debt as a cushion in times of an employment crisis since 2015.
  • This Financial Wellness Month, we look at how consumers' relationship with debt is in flux, where their dollars are going, and how inflation is affecting their financial health in 2024.
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Consumers’ relationship with debt is changing as the Fed flip flops on further rate hikes

 


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