Why Soaring Inflation and Job Losses Are Pushing Americans to Seek Loans – Rodney Williams

"Jeremy Szafron, Anchor at Kitco News, interviews Rodney Williams, co-founder of SoLo Funds, to discuss the financial pressures Americans face due to rising inflation, unemployment spikes, and increasing debt. With inflation at 3.3% and unemployment claims rising, many are turning to high-cost loans and payday lending to survive. Williams highlights how underserved communities are over-leveraged and the demand for alternative lending platforms like SoLo Funds is growing. He also explores how fintech innovation is helping those excluded from traditional banking.

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00:00 - Introduction
00:24 - Inflation and CPI Rise
01:21 - Impact on Lower-Income Americans
02:47 - Unemployment Spikes
03:44 - Job Market Struggles
04:41 - Rising Demand for Loans
05:40 - Over-Leveraged Consumers
07:08 - Risks of High-Cost Loans
09:36 - Regulatory Challenges
14:30 - Growth of SoLo Funds

#Inflation #Unemployment #ConsumerDebt #FinancialMarkets #HighCostLoans #EconomicCrisis #Fintech #PeerToPeerLending #SubprimeCredit #PaydayLoans #MoneyManagement #PersonalFinance #FinancialNews #Economy #FinancialFreedom #Investing #MarketTrends #EconomicOutlook #Loans #SavingsCrisis
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