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- cross-posted to:
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Discount retailer says low-income households feel more ‘financially constrained’ than six months ago
Paywall removed: https://archive.is/SLMtR
Discount retailer says low-income households feel more ‘financially constrained’ than six months ago
Paywall removed: https://archive.is/SLMtR
A lot of people used pandemic relief funds to invest, notably in real estate. As the market returns to reality, those people are finding they’re massively overextended.
$1400 to invest in real estate?!
People making less than $35k a year were doing this?
Disclosure: I’m Canadian, I didn’t catch that this was a US story. In Canada a lot of people who received our equivalent of COVID relief used that money to invest, which made our housing crisis that much worse.