Beware the Interest Charges (Patreon)

Personal interest payments have surpassed wages at an unprecedented level, worse than in 2000 or 2007. This isn't a slowdown—it's a disastrous collapse unfolding gradually.

Still believe everything is "fine"? JP and his high rate regime are torching folks....

Exact figures for 2025 are scarce, but in 2024, approximately 25 million Americans were reported behind on credit card, auto, or personal loan payments, per Moody’s and Equifax. This includes auto loans but isn’t exclusive to them. In 2018 it was 6 million.

In 2023, borrowers aged 18–29 had the highest delinquency rates, while those over 50 had rates below 2%.