CNN doing its best to help Trump with a scary economic headline.
Debt — and delinquencies — are on the rise for Americans
Be afraid Americans! Debt is out of control! The economy is bad! Be very afraid!
but from the article.
Aggregate delinquency rates increased during the first quarter to 3.2% of outstanding debt in some stage of delinquency, the highest since the fourth quarter of 2020.
Since 2020? wasn't that the glorious Trump economy?
Here are a few charts on debt from someone who is not trying to scare people, Wolf Street
Basically, all measures of debt mentioned in the CNN article are historic "best" levels.
Total debt is higher but the population and the economy are growing and ... people now use credit cards instead of cash which they (mostly) pay off every month.
Shitty reporting by CNN.
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