Video News/Market Analysis

Jeremy Szafron, Anchor at Kitco News, interviews Rodney Williams, co-founder of SoLo Funds, to discuss the impact of rising inflation, unemployment spikes, and increasing consumer debt. With core inflation at 3.3% and unemployment claims surging to 258,000, Americans are facing unprecedented financial pressures. Williams shares his insights on why more people are turning to high-cost loans, subprime credit cards, and payday lending to make ends meet. He explains how inflation and rising costs are leaving many over-leveraged and desperate for solutions, particularly in underserved communities. Williams also addresses the surge in demand for alternative lending platforms like SoLo Funds, and how fintech innovation is providing a lifeline for those locked out of traditional banking.