1min snip

The Compound and Friends cover image

The Trillion Dollar Question

The Compound and Friends

NOTE

Subprime borrowers face higher delinquency rates in 2021

Subprime borrowers have a higher delinquency rate than prime borrowers. The impact of credit card rates is disproportionately affecting middle-income individuals. Rich people are not impacted as they have paid off their credit card balances. The wealth effect of the 80s fueled by low-risk investments and booming bank accounts contributed to the roaring 80s.

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