Low-income consumers are struggling to make ends meet despite the “greatest economy ever,” and if a recession strikes or the employment cycle continues to decelerate — this could mean the average American with insurmountable debts will likely fall behind on their debt servicing payments, according to a UBS report, first reported by Bloomberg.
UBS analyst Matthew Mish wrote in a recent report that 44% of consumers don’t make enough money to cover their expenses. Continue reading “Nearly Half Of US Consumers Report Their Incomes Don’t Cover Their Expenses”
