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7min chapter
The Biggest Rug Pull of Our Lives (EP.332)
Animal Spirits Podcast
The Impact of Increasing Personal Interest Payments
This chapter analyzes the rise in interest payments related to car loans and credit cards, which can eventually crowd out consumer spending and cause financial pain for consumers in the future. It discusses the challenges faced by lower income individuals with lower credit scores, including the high delinquency index for subprime auto loans. The chapter also mentions the decline in employment in the mortgage industry and the volatility of average retail loan officer payments per month.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode