I can't properly describe to anyone under the age of 30 just how cool the Internet was before Amazon, Google, Meta, and Apple turned it all into a walled garden of garbage and commerce.
The U.S. Now Has:
1. Record $18.6 trillion in household debt
2. Record $13.1 trillion in mortgages
3. Record $1.7 trillion in auto loans
4. Record $1.7 trillion in student loans
5. Record $1.2 trillion in credit card debt
Total household debt is now up +60% over the last 10 years and total credit card debt is up +50% since 2020.
Meanwhile, delinquency rates on subprime auto borrowers are at a record 6.1%.
Americans are drowning in debt.