"It's funny: the money [that] they have is all in the ether," she says. "It's never really in their hands. They're always in debt or in credit, or they're owed, or they owe money - vast amounts of it. And of course, some of it does end up in their hands, and they'll spend it like mad on items that you wouldn't think of ever buying in your lifetime.
A controversial businessman, Darren Campbell, who accumulated over £450,000 in debts before his company's liquidation, is hinting at a comeback after an AI suggested he travel to Bali.
Londoners owe 1.4 billion in unpaid council tax, an increase of 11% in just one year, emphasizing the severe impact of the ongoing cost-of-living crisis.
According to the New York Fed, superprime U.S. borrowers-those with credit scores above 760-who carry unpaid student loan balances are expected to see their credit scores drop by an average of 171 points this spring.