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Consumer debt data points to uneven economic health
The report highlights a split between homeowners with low fixed-rate mortgages and consumers facing pressure from declining real wages and burdens from other types of debt.
New York Times Business reports that recent consumer debt data suggests the economy is still holding up overall, but remains uneven across households.
The outlet points to homeowners with low fixed-rate mortgages as a stabilizing group, while it says many consumers are frustrated by declining real wages and ongoing stress from other forms of borrowing.
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