Financially, it’s going to be an interesting summer. At the moment mortgage rates are hitting 7 percent, median rent prices are at $1,850 per month, and the average car payment is around $950 per month.
Household debt is currently at $17.1 trillion, mortgages are at $12 trillion, and auto loans are at $1.6 trillion. Soon, student loan payments are set to resume. All of this will create quite the ripple effect.
Read the full article at The Epoch Times
