The Ravages Of Inflation: US Consumer Credit UP 7.9% YoY In November While Personal Savings Collapses -64.8% YoY
by confoundedinterest17 As we are painfully aware, inflation is still high at 7.1% Year-over-year (YoY). To cope with inflation, consumers have been gutting their savings and increasing their use of credit. In November, consumer credit increased 7.9% YoY while personal savings fell -64.8% …