by mrmrmrj
This is BEFORE student debt repayments begin again.
It is clear that household interest expense has increased significantly over the past few decades. This is likely due to a combination of factors, including rising house prices and increasing debt levels. Given the current economic conditions, it is unlikely that this trend will reverse in the near future.
See also US debt interest hits $1.1T, total debt surges $11T since 2020; Ray Dalio hedges with gold.
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