The debt is now coming from credit cards ar 25% apr and not mortages at 4% so we will reach those levels even faster
BOOMERS ARE FUCKED
Brayden Morris
Tyler Ortiz
US consumers have been spending less and less. This economy isnt as overheated as you think.
Henry Sanders
That's included in the chart. "household" doesnt mean homes only.
Levi Carter
Ever heard of a thing called bitcoin?
Jack Nguyen
big credit crashes are the only ones worth worrying about.
Julian Smith
Aw that disappointing. Strange since everyone I encounter is in higher debt than ever before. Mainly student debt then credit card/auto loan debt and then housing debt. I'm assuming most of that 08 bubble is caused by subprime loans given to absolute bottom dwellers and middle aged moms that were trying to get investment properties. Now it seems as if most people in the trap have one single highly overvalued property.
I'm in a mixed opinion. One one hand the numbers show we could plow along for another year without issues and pull a trick into getting people fucked up with more debt. On the other I'm really struggling to see the people around me stomach more financial stress. Seems like everyone is already up to their eyeballs in bad debt and starting to cool their spending habits.
It really is fucked that the only way for our economy to not crash at this point is for the public to continue borrowing money until they literally cannot afford to pay it back. That combined with inflation just to throw the shackles on. We truly live in an evil world.
Luis Mitchell
Raising incomes would be literally communism according to this board. Gotta keep everyone locked in debt to survive instead.
Asher Watson
Same reason BTC volume jumped before crash, people pumping the market to sell at the top.
Joseph Davis
Lowering household debt is good news as its the one thing that is truly worrying. Government debt has risened, but with the US being the reserve currency and only market in the world with consistent growth its a lot less concerning.
Caleb Clark
Tech before 2050 is a joke. Why even bother?