Money

Millions of people have become dependent on credit as one way to get themselves through tough economic times, let alone do something normal, like buying a house or car. Now credit rejections are at a record high. News out of the Federal Reserve Bank of New York is bad. It has become harder than ever before to get approved for credit. Not necessarily for all time, but at least for as long as the New York Fed has run surveys on the topic, which is since 2013, not long after the Great Recession when millions faced financial problems. Dependence on…

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