Rising consumer defaults reflect financial pressure, climbing fastest since 2007; 2008 levels imminent by 2025.

4/ The financial pressure on consumers is evident in the increasing number of defaults

Consumer defaults is now climbing at the fastest pace since 2007

While still below 2007 peaks, if current trends persist, we could hit 2008 levels H1 2025 pic.twitter.com/K1j77j1n8L

— Game of Trades (@GameofTrades_) September 24, 2024

ShopperTrak same-store retail traffic is a total disaster, down 3.3% YoY. Much better indicator of real consumer spending than retail sales pic.twitter.com/M7cVx3elBv

— zerohedge (@zerohedge) September 24, 2024