The 🇺🇸 U.S. Now Has:



1. Record $17.7 trillion in household debt
2. Record $12.4 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Near record $1.6 trillion in student loans
5. Near record $1.1 trillion in credit card debt

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

In Q1 2024 alone, ~9% of credit card balances and 8% of auto loans (annualized) transitioned into delinquency.

Higher rates are taking their toll on consumers with record high debt balances.
NEAR-2,49%
UP-2,82%
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GateUser-939d8a8bvip
· 2024-05-18 22:08
Wen Lambo? 🏎️
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