There is a canary in the mine that is reminiscent of the subprime crisis: people in the US paying in installments for their supermarket purchases
The United States faces a disturbing financial phenomenon that is beginning to spread throughout Europe: 91.5 million people finance their purchases with interest-free deferred payment services, and 25% of them use them for something as basic as filling the refrigerator. Defaults continue to grow: 34% in 2023 42% this year. The alarm does not come … Read more