Commentary
Financially, it’s going to be an interesting summer.
At the moment mortgage rates are hitting 7 percent, median rent prices are at $1,850 per month, and the average car payment is around $950 per month.
Household debt is currently at $17.1 trillion, mortgages are at $12 trillion, and auto loans are at $1.6 trillion. Soon, student loan payments are set to resume. All of this will create quite the ripple effect.
While it’s true, unemployment is lower than it was 20 years ago, maybe the era of cheap money put everyon …