I share your concern. There's no question that people at the lower end of income distribution are having a tougher time. Many of those are renters. If you look at financial stress, it's concentrated more in people who don't have mortgages. Obviously, they're renters. Whether it's their car loan or their credit card, that's where we are seeing more stress. That is a concern.
On October 29th, 2024. See this statement in context.