Venkatesh Rao@vgr“Pay gains have been falling behind inflation for months. Credit card balances, which fell early in the pandemic, are rising toward a record high. Subprime borrowers … are increasingly falling behind on payments on car loans in particular”nytimes.comThis Is Going to HurtInflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.3:30 PM · Jun 17, 20222 Retweets1 Quote Tweet8 Likes