About 15 million credit-card accounts and 3 million auto loans didn’t get paid in April as the coronavirus ravaged the economy, data show
The U.S.’s top economic policy leaders outline contrasting visions; FEMA says as many as 39 states have requested full reimbursement of some coronavirus expenses; South Korean high school seniors resume classes. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Stephanie Keith/Getty Images
Trumps America. Enjoy
This is like saying water is wet... yawn. You’ve become completely irrelevant in this post-mockingbird era. Hope YOU like the “new normal!” LOL
Also a sign of leaving beyond your means. This pandemic is 2 months old.
I am surprised at that ..knowing the whopper size unemployment check they can get .. WSJ .... Why work
A hundred million of Americans are behind on their home mortgages, rent, credit-card and auto-loan payments, another sign of the Great Depression; that is coming to America fist, the cradle of the beat and of the worst
You can't collect on what people don't have....
TIME TO BREAK FREE AND GO BACK WORK--STAYING AT HOME IS DEVASTATING
At least the government has pumped up stocks for the rich guys.
Fucking duh. An article really needed to be written?
this weekend y’all published editorials about how there shouldn’t be any more stimulus money for regular everyday Americans (i.e. not your subscribers)
This is just the beginning. Job loses are becoming permanent, income streams are becoming non existent. Forbearance and bankruptcy will become the new reality
Totally not predictable.
Call Trump before he goes golfing
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Welp
Add the $1.53 Trillion in
Let's see what the Washington-backed Hong Kong democracy really looks like. The man beaten in the video is a lawyer named Chan Tze-chin. He was attacked by the rioters because he did not support them on the street today. Hong Kong must rebuild the rule of law.
Auto defaults or behind on late payments had been occurring at least a year , maybe more before the 2020 outbreak 😷.
Yeah, this was going on before the scamdemic. Now it’s used as an excuse for ruining the greatest economy on earth. SMH. 🤦♂️
That because most Americans, even middle class, live beyond their means. Hence the 7 year car loan. 🙄
That's because they are 9-5er
aihsan_goker
AnayasaNevzat
GurayMollaoglu
A man in debt is so far an slave... Forgive debts
covid19 is starting to look more and more like the 2007-2008 RealEstate crisis - only time will tell I guess... however as usual cashisKing and debt is pure death... stayLiquid
The new economy. Everybody's rich until proven poor.
Most americans got 1200 to 2400 dollar advance on their tax refund... and they are behind on their bills? That sounds like they just made bad choices and I have no pitty for them.
73% of US GDP relies on the US consumer. 20% of Americans are jobless. Another 20% work shorter hours, yet another 16% took a pay cut. That's 56% with less income. GDP not strictly linked to equity moves, but TTL mkt cap / GDP of 139.4% is near unsustainable extremes.
But I'm sure they'll keep on spending
Americans got $1200 maybe, some less. Planned Parenthood got 80 million, Kennedy Center 25 million, PBS/NPR 75 million and the list goes on. Average Americans are just peasants and obviously expendable.
They were likely behind already anyway. They were already living beyond their means.
This is shocking. No one could’ve seen this coming.
Wall Street is getting More rich while HARDWORKING Americans Citizens get Poorer. Larry Kudlow is s Criminal and a Corrupt, Crooked THIEF of the American Citizens
But the stock market is doing well do we're all good, right?
Wasn't that the case before the pandemic?
Everything is shut down, they should freeze bills until the states open up.
Not this fuckin guy, buy it cash or you can’t afford it fucking SOOOOOO SIMPLE 😐
...Argentina just defaulted, Most Companies running on spot to manage debt-load as no rev coming in, Chapter 11’s pipeline is gaining momentum, payments being missed, temp UI moving to permanent in many sectors and the stock market keeps going up! Nothing to see here, carry on!
Or the sign of the devestionalal consequences of financing everything you own
THE FINANCIAL CRISIS IN MANY GOVERNMENT, COMMERCIAL ORGANIZATIONS, INDIVIDUALS IS DUE TO OVER LENDING AND BORROWING FOR SPENDING. GOVERNMENT NOT ENCOURAGED EARNINGS, SAVINGS, INVESTMENTS. ENSURE SURPLUS, EXPENDITURE LESS THAN EARNINGS FOR SAVINGS, INVESTMENTS FOR SECURED FUTURE.
7 million ppl were severely delinquent on auto loans last year long before CV19. Debt is king. Stop citing pandemic for recklessness.
Everytime I go to Walmart to get cat food, I see people with 2 3 carts full of garbage!People buy junk with the money they dont own and this is the result!Some habits are very bad, buying useless junk shit is one of them!
And in India, our Govt is behind our workforce... 1st sign of permanent economic slowdown n social unrest!
Next month stats will be better!
short everything?
How does it taste America? Feels good not to pay your bills? Since we were shut out of the Trump tax cuts and since we got the smaller portion of the COVID-19 stimulus, I say let's all rebel and not pay any of our debts until we have our fill. TakeWhatsYours
We need to figure out a better way to manage unsecured and revolving debt -- The federal government is not the answer
It's OK, by Q3 the economy will be ReallyRockingAgain
Trump often brags about not taking a paycheck, but his golf hobby has now cost taxpayers $133.8 million.
提议国际社会，将中国共产党，定位为法西斯组织！ 共产党，对内实施专制统治，有独裁者，有党卫军，有青年团，建立警察国家，有一套控制人思想的异端邪说，经常搞大规模迫害运动，完全符合法西斯的特征！
Devastating banks you mean ? Oh no!
ima having a payment strike
Intest free balance transfers with no payments for 15 months... They exist
As if we did not know this would happen. Thank the deep state for their false flag PLANDEMIC.
But hey.....Trump went golfing so everything will be ok. TrumpGate.....100,000 DEAD Americans from Trumps Hoax.
More importantly who will DEMS continue to EXCLUDE? Stimulus III DEMS excluded fire, police, nurses etc earning over $75,000. Now is the time for the GOP SENATE to show their true colors, TRUMP needs the support of fire, police, nurses, teachers etc who earn $75,000+
As Ángela Merkel put recently on not getting overconfident on economic opening: “we are just at the beginning of this pandemic crisis... we will have consequences for years to come.” TRMX $SPY
Smh. Only buy cars you can pay cash for.
Are you behind on Credit Card and Car Payments? AsktheWorld
Simple! Millionaires and Billionaires owned them!
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