US household debt service is now ~30% of disposable income — the highest since 2008.
That means the average American is spending 1 out of every 3 dollars they earn after taxes just to service debt.
This is how consumer slowdowns actually start. pic.twitter.com/OXVAKBnqBh
— Jon Brooks (@jonbrooks) January 9, 2026
On Thursday, WalletHub released its list of the states with the largest credit score decreases, and Micah Abigail LLC founder and social media influencer Micah Smith broke down what it means for those residents in the top – and bottom – states.
“What we’re seeing right now is a very clear trend, especially when it comes to missed student loan payments, and it’s having a real impact on credit across the country. Once payments resumed, we actually saw the national average credit score drop. Over 4.5 million Americans were caught off guard
https://www.foxbusiness.com/personal-finance/credit-scores-plummet-across-multiple-states-creating-perfect-storm-american-wallets-expert-says