Why We Can't Shake the Vibecession, Even in the Face of Good News
The vibecession is alive and well.
Consumer sentiment plummeted to a six-month low in early May. But it’s not just bad vibes. High costs of living have battered consumers, pushing US household debt to a record $17.7 trillion, according to the Federal Reserve Bank of New York. Now the late bills are growing for every type of loan from credit cards and auto loans, to mortgages and more.