That is a very sensationalist way to view debt loads. First of all, there are today 20 million more Americans than there were in 2008. Second, there has been

That is a very sensationalist way to view debt loads. First of all, there are today 20 million more Americans than there were in 2008. Second, there has been real income growth. When considering the sustainability of debt levels, it makes much more sense to look at something like household debt service payments as a percent of disposable income, or total household debt versus GDP. To be fair, interest rates have a big part in debt service payments, but I think if you look at this chart of debt service payments vs disposable income, you'll see we're in a very different position than 2008: https://fred.stlouisfed.org/series/TDSP https://fred.stlouisfed.org/series/TDSP