ilmscore | Most Americans Are Making A Huge Money Mistake (Don't Do This)

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Credit card and auto loan delinquencies are rising above pre-pandemic levels.
"credit card and autoone transitions into delinquency are still Rising above prepandemic levels"
Credit Card Delinquencies
Pending
Credit card delinquencies increased by 50% from 2022 to 2023.
"credit card delinquencies have risen 50% between 2022 and 2023"
Credit Card Delinquencies
Pending
A slowdown in the economy and rising unemployment could lead to a surge in credit card delinquencies and a self-reinforcing credit crunch.
"what happens if the economy slows down and unemployment quickly Rises delinquencies with credit card debt could surge in turn leading to a self reinforcing credit crunch"
Economic Downturn
Pending
A mild economic downturn could escalate into a severe one.
"a mild economic downturn could turn into a deep one"
Economic Downturn
Pending
Credit card debt is a significant barrier preventing many Americans from building wealth.
"the credit card debt is what holds so many people especially in America back from ever Building Wealth"
Credit Card Debt Impact
Pending
Paying down credit card debt one year early provides a guaranteed 25% return.
"if you pay down your credit card debt one year early it's a guaranteed 25% return"
Return on Paying Down Debt
Pending