Americans’ household debt hits new record high so far

Multiple economic bubble speedrun any%

Right message (debt bad m’kay) poor case being made though.

In theory, almost every year there will be “a new record” as population expands, inflation continues, and whatever bubble you’d like to blame matures.

Other than showing it’s a 6% increase this does nothing to compare debt to income or assets ratios.

Big numbers are scary.

Next.

C is for Collapse.

If we’re getting inflation, that means debt is “cheap” now, right?

Right?

🫠

For a year I’ve been putting down economic calamity in comments. For a year, even AI bubble talk hasn’t budged me. The data wasnt there. Consistently wasn’t there.

Now it’s time. Now we’re over the line.

It’s perfectly OK, it’s only less than half of the federal debt, and contrary to the federal debt, most households have assets to cover their debt. So borrow on, everything is fine. 🤡
/s

PS:
USA is now paying more on interests of federal debt than is used on the military.
But to be fair, it is only a very small military, barely capable of occupying 3 countries at a time. 🤣🤣🤣