I am unclear what to take away from this. It says nominal consumer debt is at and all-time high, but it's not if you consider real (inflation-adjusted) numbers. It says the ratio of debt payments to disposable income is low compared to recent decades.
So it seems, contrary to the article's title, that there hasn't been a furious pace of change in consumer debt.
return2ozma in personalfinance
Americans are piling on debt at a furious pace, as tariffs loom
https://www.marketwatch.com/story/americans-are-piling-on-debt-at-a-furious-pace-as-tariffs-loom-626cccb0Paywall removed https://archive.is/Psa8g
I am unclear what to take away from this. It says nominal consumer debt is at and all-time high, but it's not if you consider real (inflation-adjusted) numbers. It says the ratio of debt payments to disposable income is low compared to recent decades.
So it seems, contrary to the article's title, that there hasn't been a furious pace of change in consumer debt.