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Tag: personal debt crisis

Subprime Auto Lenders Folding

PrimaLend Capital Partners filed Chapter 11 bankruptcy protection, beckoning the start of America’s personal loan crisis. The subprime auto lender catered to...

The Top Culprit of US Household Financial Stress

(Image explained in previous post — grocery inflation spiked years ago and has not relented) An AP-NORC poll questioned Americans about their main cause of...

US Household Debt Rose by $185 Billion in Q2 2025

The Federal Reserve Bank of New York released a troubling quarterly statement as the total household debt in the US increased by $185 billion in the past three...

US Household Debt Surpassed $18 Trillion

  American households have been unable to pay off their debts. The Federal Reserve Bank of New York recently reported that household debt has reached a new...

US Credit Card Debt Hits $1.14 T

The Federal Reserve Bank of New York released data this week indicating that American credit card debt has reached a new high of $1.14 trillion. A separate report...

Household Debt in Canada Exceeds 100% of GDP

World leaders spend recklessly with no regard for the overall economy. Canadian Prime Minister Justin Trudeau has fallen out of favor for one primary reason – the...

America’s Consumer Economy is Dying – Weak May Retail

America’s robust consumer economy helped it emerge as a global powerhouse. Nations once stood in line, eager to sell to America as our consumer economy composed...