this post was submitted on 14 Feb 2025
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[–] [email protected] 1 points 2 months ago

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.