American consumers are growing weary of corporations siphoning every dime they have
😳 American consumers are growing weary of corporations siphoning every dime they have.
After several years of cash stacking up in American households due to the pandemic, the pocketbooks are now wearing thin. Debt is skyrocketing, delinquency rates on credit cards are soaring, and younger borrowers are feeling the crushing weight of the economy chipping away at their finances. Profit margins are starting to cool after they remained high at many corporations, but the cash that supplemented so many companies and families since 2020 is running out. Companies should consider being more reasonable with their prices, because sooner-than-later, their consumers debt will run out, also.
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Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.