Is it possible for people to continue to go further into debt? If so, by how much? If people go further into debt, is there a point at which it will snap? Or is the amount of debt “manageable”?
There has never been a time in which debt has expanded so fast and in every single category. Wherever you turn, debt is there. Look in any corner, under any rock. You will find debt. Many countries are being crushed by debt but when you zoom in, you realize it’s not just the nation itself but also the people. The debt spiral will consume nearly everyone in a matter of time.
Student Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/SLOAS
Motor Vehicle Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/MVLOAS
Total Consumer Credit Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/TOTALSL?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=categories
Mortgage Debt Outstanding, All holders | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/MDOAH
Federal Debt Held by Foreign and International Investors | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/FDHBFIN
Household Debt to GDP for Canada | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/HDTGPDCAQ163N
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