Americans now owe a staggering $18.8 trillion in household debt

The debt crisis is no longer just for the poor; it has officially reached high-income ZIP codes. With a record $18.8 trillion in debt and delinquency rates rising across the board, the "temporary" post-pandemic surge has become a permanent structural trap. Don't expect a bailout—the Fed likely won't cut rates until 2027, leaving even the wealthy to drown in borrowing costs. If high earners are finally buckling, is anyone actually safe in this economy? What's your take?
This summary was generated by AI