Mortgage and auto loan rejections hit highest level since 2008 and Americans drowning in debt but the experts still pretend it’s fine

Something is breaking, and the cracks are impossible to ignore. Mortgage and auto loan rejections are soaring to levels not seen since the last financial crisis. Credit card defaults have exploded to $46 billion. That’s not just a number. That’s millions of Americans drowning in debt they can no longer afford. But sure, the stock market’s up, so everything must be fine, right?

The reality on the ground tells a different story. Nearly 80% of FHA borrowers don’t even have one month’s worth of living expenses saved. These aren’t luxury homebuyers. These are working-class Americans who were told they could afford the American Dream, only to be crushed by rising interest rates, soaring prices, and an economy that no longer works for them. Meanwhile, rates aren’t coming down, and credit is tightening at a speed that should set off alarms everywhere.

Fast food, once the cheap and easy fallback, has become another symbol of economic decay. A McChicken is up 201.6%? A $1 cheeseburger now costs over $3? Wages haven’t tripled since 2019, so why has the cost of basic meals skyrocketed? They’ll blame “inflation,” but we all know what’s really happening. Corporate greed is squeezing every last cent out of consumers, and people are finally waking up to the scam.

Even Domino’s is admitting what the experts won’t. The pizza giant is watching customers ditch delivery in favor of carryout because no one wants to pay another 25% in tips and fees. Fast food has become a luxury for nearly 80% of Americans, and 62% are simply eating less of it because they can’t justify the cost. That’s the real economy—not the fake numbers Wall Street loves to cheer about.

But don’t worry, Goldman Sachs is still bullish. Profit margins will expand, they say. Companies will find a way, they insist. But what happens when consumers simply stop playing the game? When wages don’t catch up? When credit dries up and defaults spiral further? That’s when the illusion collapses. And judging by the numbers, that moment isn’t far off.

McDonald’s might be charging $3 for a cheeseburger, but good luck finding enough people willing to pay. Wall Street can keep pretending. The rest of America is already feeling the crash.