Jakarta –
Citizens of the United States (US) are currently facing tough challenges. Starting from the insanely rising inflation, exorbitant gasoline prices and the US is now on the brink of recession.
Quoted from CNN, this condition makes it difficult for many people from the middle class to pay their credit bills on time.
In addition, many residents have difficulty paying their monthly internet bills. Last Thursday, credit card companies in the US, namely Discover and Capital One, recorded revenue that fell sharply and this affected stock price movements.
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Moreover, the number of bad debts seems to be increasing. The company began to increase reserves to anticipate future losses.
This indicates that the company is starting to worry about economic conditions in the future. Indeed, there are many factors that make companies must be vigilant.
For example, very high inflation, the increase in Federal Reserve interest rates aimed at controlling prices. However, this high interest rate is said to affect economic growth in Uncle Sam’s country.
Capital One CEO Richard Fairbank said that the high inflation and interest rates would pose a tough challenge for the community.
Especially if it is not balanced with an increase in wages or minimum income in the region. According to him, this high inflation will also make monthly credit bills continue to rise.
Not only at the bank, AT&T’s internet bills also increased. In fact, many customers find it difficult to pay monthly bills.
AT&T CEO John Stankey revealed that he was starting to see the trend of difficulty paying by his customers. “Many do not pay on time,” he explained.
(kil/dna)
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