Some sort of brain disease must have overtaken the Daily Caller.
Money is flooding Wall Street as Americans thirst for financial relief amid war-fueled inflation and soaring household debt...
"Soaring household debt"? Really?
The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt decreased by $13 billion, a 0.1% decrease, in Q2 2026, to $18.8 trillion. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. It includes a one-page summary of key takeaways and their supporting data points....
That's dated August 11.
Moreover:
The historical household debt-to-income ratio in the U.S. has fluctuated over the years, reaching a peak of 86% before the Great Recession and declining to around 82% as of 2024. This ratio reflects the balance of household debt compared to disposable personal income...--DuckDuckGo AI
DuckDuckGo does not include 2025, nor any of 2026. However, the debt reduction it shows is largely a result of the inflationary "free money!!!" issued by The Cabbage-Brain.
Daily Caller needs to retract their Fake News.
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