Anna Maria Andriotis

speaker

3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Credit Scores Rose to Record Levels During Pandemic · 19 Oct 2020 podcast

So my chances of getting credit or affordable credit over the next couple of years has gone down substantially.

WSJ Your Money Briefing · Middle Class Endures the Pandemic Under a Mountain of Debt · 22 Sep 2020 podcast

You have families who are making $100,000 or more a year and the debt they had taken on correlated to that income. matched

It was manageable. matched

But once that income, once those jobs went away, and they were basically relying on government assistance with the unemployment benefits and stimulus help that came through earlier this year, that still wasn't enough, especially for families living in expensive cities or near them. matched

The initial group of people who dealt with layoffs because of the pandemic were primarily focused in the service industry, be it restaurants, hotels, service workers, as well as small business owners. matched

But what's occurred in the months that have followed is that people ranging from lawyers to architects, engineers, people working in the education sector, matched

These are sectors that have also experienced an increase in unemployment, really essentially as a result of companies pulling back on spending or having less of an ability to spend and essentially the recession, the downturn that we are currently in. matched

I think the starting point here that's important for everybody to be aware of is what has played out with consumer debt over the last 10 years. matched

So consumer debt has risen significantly, even for those families that have relatively high incomes. matched

So American families making over about $98,000 a year in pre-tax income owed an average of nearly $92,000 of non-housing debt in 2016. matched

This is just for the families carrying this debt. matched

So for these families who were indebted with non-housing debt, things like credit cards and auto loans, personal loans, etc., matched

These families making just over $98,000 a year owed an average of nearly $92,000 of non-housing debt in 2016. matched

And that was up 32% from 2004 adjusted for inflation. matched

As the economy was improving and unemployment was falling and incomes were rising, matched

the amount of debt that people were signing up for and owing was also on the rise. matched

And in many cases, the more significant increases occurred with things like student loan debt, auto loan debt, which exceeded the pace at which they were growing, even exceeded over the last few years the pace at which housing debt was growing. matched

Now, all of this was manageable for many people because employment was good. matched

And as long as that remained the case, they were able to pay their bills. matched

But that changed for many families almost overnight because you have families who are making $100,000 or more a year and matched

Showing 1481–1500 of 3,396 · page 75 of 170