M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
CNBC on "nearly 25% of all [US] loans, credit cards and mortgages are in financial hardship programs." While some of this may include people able to pay, it's nevertheless a good indicator of a high degree of household financial stress and insecurity. https://lnkd.in/gBSabhP #economy #markets
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