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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Big US banks, including Wells Fargo and BNY Mellon, have issued warnings about financial stress among lower-income consumers due to inflation. The banks highlight the struggles faced by this demographic, emphasizing the impact of inflation on their financial well-being.
Big US banks warn of stress among lower-income consumers https://t.co/Au3SDlHOfq via @ft Yep. Important piece. Like we said, two worlds of credit. Asset inflation hides the consumer pain. Credit is great. ...@stephengandel
'Big US banks have warned that lower-income customers are showing signs of financial stress.' https://t.co/mhGYqtQWdD https://t.co/hBPdSPo1Hi
Big US banks warn of stress among lower-income consumers https://t.co/9c25ECIxIb
