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- People are spending almost every dollar they have to keep up with rising prices and interest costs.
- They're cutting back wherever they can, paving the way for an economic slump, Stephanie Pomboy said.
- She warned of dire implications for pension funds, banks, real estate groups, and other businesses.
Steep rises in prices and monthly interest payments have left people on the brink of financial disaster, setting the stage for the economy to crater, says Stephanie Pomboy.
"The consumer is spent up and lent up," the Macro Mavens founder said on the latest episode of the "Thoughtful Money" podcast.