It’s never been more expensive to exist

by

Mortgage and student loan balances just hit all-time highs.
Consumer debt? $18.20 TRILLION ya’ll!

Credit card balances decreased by $29 billion.

Auto loan balances declined by $13 billion.

Not because people are “okay.”
Because they’re broke.

• Mortgage debt: $12.8T
• Student loan debt: $1.63T

And yes, student loan debt is growing faster than wages.
Even after a 3-year pause.

People are out of cash. 1/3 can’t make it paycheck to paycheck.

1.7 million Americans have been unemployed for 27+ weeks.
That number’s rising.

If you’re lucky, you got severance.