The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark.
Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis.
With excess savings depleted, the consumer's financial health is more vulnerable than ever.
Inflation remains deeply entrenched, posing a significant threat to the economy.
See also Home prices falling at fastest pace since 2022 as rates dent demand See also Canadian homeowners face a "Mortgage cliff," with skyrocketing rates risking financial stability and delinquencies.
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