CNN CNN Newsroom With Pamela Brown June 4, 2024 00:27:00
Youre talking about was really damaged. there was no buffer there. i just looked at these numbers today. i dont know what you do on a sunday but this is what i was doing. that the historical average of debt servicing meaning how much households have to pay to service debt is 11% of their income, the historical average. right now it is 9.5%, well below that average. that has to do with household balance sheets in pretty good shape and the very strong job market were talking about, giving families...
Debt Servicing Historical Average Job Market Household Balance Sheets Giving Families A Real Buffer 9 5
Source: archive.org