Almost $13 trillion of the $17.5 trillion US household debt statistic is housing debt. See: mortgages, which are stable, fixed payments, but new ones are more expensive now than they were last year or the year before. The article doesn’t mention this and makes it sound like it’s all credit cards. The Federal Reserve press releases sound like this too. Almost feels like they’re trying to gin up doubt and panic
Almost $13 trillion of the $17.5 trillion US household debt statistic is housing debt. See: mortgages, which are stable, fixed payments, but new ones are more expensive now than they were last year or the year before. The article doesn’t mention this and makes it sound like it’s all credit cards. The Federal Reserve press releases sound like this too. Almost feels like they’re trying to gin up doubt and panic