Inflation is affecting all of us. But when costs go up, lower-income households are especially vulnerable to credit creep — that’s when consumers use credit for more and more transactions. One survey found 29% of buy now, pay later users took out the loans to pay for groceries, double the percentage from just a couple of years ago. Also in this episode: What might happen to the labor market if Fed raises interest rates, how immigration crackdowns are tied to a 14-year homebuilder confidence low, and why political candidates are competing for AI attention.
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