Part 6/8:
The conversation then shifted to the consumer's financial health. While credit card debt has surged to staggering levels, Cameron noted that the debt servicing ratios remain manageable—suggesting that consumers can handle their debt as long as income levels remain steady.
However, the crucial concern lies in the employment sector. Cameron hypothesized that a spike in unemployment could further pressure consumers, exacerbating their ability to manage debt obligations. The underlying sentiment appears to hinge on whether consumer strength can sustain itself given the rising debt landscape.