The Debt Bomb is Detonating: A Wave of Defaults is Coming

by Nathan McDonald
Sprott Money

Typically, the last bill people stop paying when they are overcome by debt is their mortgage and rent. Well, if that is the case, then Americans just rang the alarm bell, because things are about to get messy.

A recent survey conducted by Apartment List states that missed payments have begun to stabilize in the month of June—and at very high, alarming levels.

[…] Here are a few key and startling points indicated in their recent survey:

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