3 months ago

926

1. Record $17.5 trillion in household debt

2. Record $12.3 trillion in mortgages

3. Record $1.6 trillion in auto loans

4. Near record $1.6 trillion in student loans

5. Record $1.1 trillion in credit card debt

Total mortgage debt is more than double the 2006 peak and total credit card debt is officially up 50% since 2020.

Meanwhile, delinquency rates on credit cards and auto loans just hit their highest since the 2008 financial crisis.

Consumers are "fighting" inflation with debt.

This can't end well.

Tucker x Putin, Haley Embarrassed & New Market Highs || The MK Show
https://rumble.com/v4bw21q-the-mk-show-feb.-7th.html

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U.S. Has Record $17.5 trillion in household debt, Record $12.3 trillion in mortgages...