> There is a _LOT_ of debt being added, household debt is up to something like 17 trillion dollars from like under 10 trillion pre pandemic Consumer debt servi

> There is a _LOT_ of debt being added, household debt is up to something like 17 trillion dollars from like under 10 trillion pre pandemic Consumer debt service payments as a percent of disposable personal income - is at 5.6%. In 2016 it was around 5.5%-5.6% - despite far lower interest rates. The same figure was 5.6-6% in the 1995-2000 years. Household debt service payments as a percent of disposable personal income - at 9-10% this year is at one of the lowest levels in 43 years. That figure was over 11% in the 1995-2000 years. The ratio of household debt to gdp is around 0.73%. That's lower than 2011-2019 years. US households are in fact in decent condition, despite a loud minority of people proclaiming the end of the world. The facts do not support the dire claims. Household assets in Q1 2023: $168 trillion. Liabilities: $19.6 trillion. $149t net worth. Household assets in Q1 2016: $106 trillion. Liabilities: $14.5 trillion. $91t net worth. In seven years US households added $62 trillion in assets against $5.1 trillion in liabilities. The US has gotten dramatically wealthier in the past seven years. That's how people are affording everything. US gdp per capita is $80,000 (with ~337 million people). That's nearly France + Britain combined. There is a vast underestimation of how much income the US has and how rich the US is. The US median household has a higher net worth than either Sweden or Germany. And the US household income and disposable income figures are typically among the highest in the world.