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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: PhoolishPhilip   😊 😞
Number: of 3853 
Subject: Re: Increased Screwing of Working Class by Banks
Date: 12/19/25 9:40 PM
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For the vast majority of Americans living paycheck to paycheck, rising prices and reductions in hours get reflected in missed payments and bounced checks. The OP is correct to point out that the financial sector benefits from the hardships of working people. Not to worry though, the foreclosures and defaults of working people will hit the banks soon enough

https://www.newyorkfed.org/newsevents/news/researc...
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