ilmscore | Prediction Details
"when that happens that's usually a very bad sign for the economy because the way we prioritize paying off our debt is first we pay off our mortgage loan then our auto loans and then credit cards so this could be the very first bad sign of things to come"
By Andrei Jikh | August 16, 2023 | Pending
From video
How Credit Cards Affect The Economy #shorts 00:00:10 - 00:00:27
Interpreted Prediction
Increased credit card non-payment is an early indicator of broader economic problems, as consumers prioritize other debts first.

Prediction Details

Topic
Economic Indicators

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