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Author Topic: A Nation's Heavily Indebted Consumers Face a Painful Margin Call  (Read 961 times)

IroNat

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A Nation's Heavily Indebted Consumers Face a Painful Margin Call
« on: March 07, 2023, 04:07:35 AM »
https://finance.yahoo.com/news/nations-heavily-indebted-consumers-face-141601893.html

At the height of the Covid-19 pandemic, with his job as a delivery driver bringing plenty of overtime and the cost to borrow at record lows, James Kebe went on a spending spree. He leased a boat and an all-terrain vehicle, and when his bank offered him a bigger line of credit, he maxed it out.
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