We’ll start with consumer bankruptcies because that’s where credit troubles, if they cannot be resolved, often end up. Then we’ll look at foreclosures, third-party collections, and delinquencies. What emerges is the picture of a consumer, still flush with pandemic money and rising incomesConsumer Bankruptcies, Foreclosures, Delinquencies, and Collections: Free Money Still Doing the Job | Wolf Street
What is ignored are the Gen Z homeownership rates.
Who cares about debts if parents cannot kick their offspring out of the house, due to unaffordable rents or mortgages, plus student loan debt payments?
Why is the homeless count rising if everyone is doing so well?