Donald Trump talks about ‘Affordability’ …..
As Consumer prices keep CLIMBING…
Plays off $4.50 Gas prices…..
Works for a $400 Million White House Ballroom with his name on it , paid with Tax payer money….
Help’s his party cut Health Care Benefits…..
Went thru a period of chopping off tens of thousands of federal employee’s….
Is STILL arguing with Democrats on a budget for Homeland ……
The strain from this increasing debt load is starting to show, with the percentage of after-tax income that households spend paying down debt ticking up since early 2025, according to Federal Reserve data.
Banks say they are not seeing signs of serious distress. Jamie Dimon, chief executive of JPMorgan, said late last month that consumer borrowing habits looked “fundamentally healthy.”
But across all consumer debts, the share that is delinquent rose to 4.8 percent, the highest tally since 2017. For the first time in more than a decade, the national average credit score dipped last year, according to data from Experian, one of the three major U.S. credit bureaus.
The data may also understate some of the strain, as more borrowers take on debts that rarely show up on their credit reports, like “buy now, pay later” loans. Unlike most loans, these pay-later products usually do not involve a “hard inquiry” on the borrower’s credit report — the kind that can lower credit scores — and lenders often don’t report short-term loans to credit bureaus.
The Trump administration has noted the spike in consumer borrowing.
“Credit card spending is through the roof,” Kevin Hassett, a top White House economic adviser, said on Fox Business last Wednesday. “They’re spending more on gasoline, but they’re spending more on everything else, too.”….
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As health insurance costs rise and the Trump administration slashes Affordable Care Act subsidies, millions of people have lost their coverage, and even those with insurance are cutting back on medical appointments they can no longer afford.
Increasing numbers of patients have stopped coming for treatment and left her with unpaid balances, totaling thousands of dollars. Keeping her business running and her staff paid is now stretching her own finances to the edge. She’s turning to debt to hold it together.
“Car repairs definitely are going on credit cards. Household repairs are going credit cards,” she said. “It’s the hamster wheel of the debt cycle. Every time you feel like you’ve met a milestone, you get hit with something else.”…
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