Renowned economist Mohamed El-Erian has voiced concerns over the increasing late payments on credit cards and auto loans in the United States, sparking discussions on the economic implications. What Happened: On Sunday, El-Erian took to X to share his views on an article from the Wall Street Journal. The article highlighted the rising trend of late payments on credit cards and auto loans, which has alarmed Wall Street. El-Erian’s tweet sparked a debate on whether this financial weakness is confined to lower-income households or is spreading upwards. Wall Street is alarmed as signs of Americans…
