KYHBKO
11-14
News: Verizon lays off 15,000
The average annual salary at Verizon in the USA is around $37,666, or about $18 per hour, according to ZipRecruiter.
This means $565 million in purchasing power is affected.
How will the families and the economy be affected?

$Verizon(VZ)$
New York Fed Reports Increase in Delinquency Rates and Household Debt in Third Quarter
The New York Fed reported a rise in delinquency rates for most types of borrowing in the third quarter, with mortgage balances increasing by $137 billion to $13.1 trillion. Additionally, credit card balances surged by $24 billion to $1.23 trillion. Despite this, the transition rate into early delinquency showed mixed results, while the transition into delinquency rate stabilized. Household debt also saw a 1% increase, totaling $18.6 trillion.
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Comments

  • KYHBKO
    11-14
    KYHBKO
    news attached.
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