The Consumer Is Starting To Fail, Increasing Recession Risk
Wealthion - Be Financially Resilient
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Consumer Credit and Debt Saturation
The concept of debt saturation determines a system's limit to absorb something. Saturation works in similar fashion with consumer credit. Consumers can't take on any more debt because doing so would make it impossible for them to service their existing debt burden. At this point, they're staring at insolvency. And for a system dependent upon consumers spending funded by debt, this is a big problem.
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