Supermoosie on Nostr: American Economy #Winning Credit card balances that are 90 or more days delinquent ...
American Economy #Winning
Credit card balances that are 90 or more days delinquent hit 13.1% in Q1 2026, the highest level in about sixteen years. The last time it looked like this, the 2008 crisis was still unfolding.
Student loan delinquency climbed to 10.3%, which means 7.7 million borrowers got their credit scores knifed for a degree that’s no longer connected to a future source of income.
Auto loan delinquencies are at the highest level the New York Fed has ever recorded in its series, which goes back to 2003.
111M (42% of all U.S. adults) can’t pay their credit card bill in full each month.
68M are “debt-stressed,” meaning they’re using more than 30% of their available credit — a threshold that used to embarrass people and now describes almost a quarter of the country.
20M Americans are behind on utility bills. In 2024, power got shut off 13M times. That’s not one shutoff per person; that’s the same households getting cut, restored, cut, restored, cut.
Foreclosure filings rose 26% in early 2026 and it’s not even because of mortgages. It’s mostly because of property taxes, insurance premiums that have gone completely feral, and HOA fees.
#USpol
Published at
2026-07-26 22:18:41 UTCEvent JSON
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"content": "American Economy #Winning\n\n Credit card balances that are 90 or more days delinquent hit 13.1% in Q1 2026, the highest level in about sixteen years. The last time it looked like this, the 2008 crisis was still unfolding.\n\n Student loan delinquency climbed to 10.3%, which means 7.7 million borrowers got their credit scores knifed for a degree that’s no longer connected to a future source of income.\n \nAuto loan delinquencies are at the highest level the New York Fed has ever recorded in its series, which goes back to 2003.\n\n111M (42% of all U.S. adults) can’t pay their credit card bill in full each month.\n\n68M are “debt-stressed,” meaning they’re using more than 30% of their available credit — a threshold that used to embarrass people and now describes almost a quarter of the country.\n\n20M Americans are behind on utility bills. In 2024, power got shut off 13M times. That’s not one shutoff per person; that’s the same households getting cut, restored, cut, restored, cut.\n\nForeclosure filings rose 26% in early 2026 and it’s not even because of mortgages. It’s mostly because of property taxes, insurance premiums that have gone completely feral, and HOA fees.\n\n#USpol",
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