Does this prove the vibecession is not a meme but the brutal reality where people have paychecks that do not cover basics so they max cards until the bridge snaps and defaults explode?
The scary part isn't the 14%. The scary part is the context of 2011 vs today. In 2011, defaults hit 14% because unemployment was at 9%. Today, we are hitting 14% while unemployment is supposedly 'low.' It proves the 'Vibecession' is real: Consumers have jobs, but the jobs don't… pic.twitter.com/gTnf9b9i97 — The Quantified Universe (@TheQuantUni) …