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The Bubble Is Bursting: Delinquency Rates Have Doubled And Credit Card Defaults Are Soaring

The Bubble Is Bursting: Delinquency Rates Have Doubled And Credit Card Defaults Are Soaring

by Contributing Author | Jul 30, 2025 | Headline News

This article was originally published by Michael Snyder at The Economic Collapse Blog.  Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20...
Strain On The Economy: Millennials Have $1 Trillion In Debt, And Most Don’t Own Homes

Strain On The Economy: Millennials Have $1 Trillion In Debt, And Most Don’t Own Homes

by Mac Slavo | Mar 14, 2019 | Headline News

Millennials are the most deeply indebted generation that has ever walked the face of the earth.  Most don’t even own a home, yet they suffer under the weight of $1 trillion debt load. According to an op-ed by Market Watch, this is not a good thing and...
Bad News For The Economy: Some Have Stopped Paying Loans On Mobile Homes

Bad News For The Economy: Some Have Stopped Paying Loans On Mobile Homes

by Mac Slavo | Apr 4, 2018 | Emergency Preparedness, Forecasting, Headline News

Some people in the United States have stopped paying their loans on mobile homes. This is a bad sign for the economy as many no longer can afford the increase in interest rates. According to a report by Yahoo Finance, the mobile home market is showing the first signs...

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