UNITED STATES: 12.4% of credit card balances in the United States are now over 90 days delinquent, the highest since 2011. US Credit Card Delinquency by Age Group (90+ Days):- 1. Ages 18‑24 — 16.2% delinquent 2. Ages 25‑34 — 14.8% delinquent 3. Ages 35‑44 — 11.5% delinquent 4. Ages 45‑54 — 9.8% delinquent 5. Ages 55‑64 — 7.2% delinquent 6. Ages 65+ — 4.1% delinquent
>>61305914another news piece that is presented as though it matters and i should worry about it but never actually matters to the point the post is suggesting. kys op.
>>61305914>2. Ages 25‑34 — 14.8% delinquentwell that's me!
>>61305914How about by race?
how the fuck do people even pay credit card interest rates?i barely get by just paying for basic living, i cant imagine having to pay another bill with interestis this one of those things that catches someone and then basically it sticks with them for life? (the cc debt)
goodfuck zoomers. hope they all spend their lives hiding from collection agencies
>>61305914>1. Ages 18‑24 — 16.2% delinquentthis is me btw. never paying it backno wage to garnish, no assets to seize. jew L me W
>>61306123US job cuts for October hit a 22-year high October 2025 hit 153,074 job cuts, the highest monthly total in 22 years, worse than anything we've seen since the 2008 financial crisis. Young adult unemployment at an all time high going back to 1947
>>61306145i think how it works is that its a permanent thing on ur record, and that if u ever start making money and getting assets, that they can start taking that from u + a ton of interest on top of it
>>61306145holy based
>>61306214180-MONTH AUTO LOANS ARE NOW BEING OFFERED IN THE U.S. — A MOVE AIMED AT LOWERING MONTHLY CAR PAYMENTS AMID SOARING VEHICLE PRICES AND HIGH INTEREST RATES. Buying a car in 2025: 12.74% for 84 months $102,000 financed total interest $53,800 The "15yr car loan" & “50-yr mortgage” is not a symbol of opportunity, it’s a sign that debt has become the default path to SURVIVAL & the omission of systemic failure & if you watched Trumps interview w/Ingraham yesterday you understand why the 50yr mortgage & 15yr car loan is occurring now. Trump's plan is to juice the economy by taking rates to zero w/QE creating more inflation but as they say "You don't buy the house, you buy the mortgage". This is the phase #1 of " You'll own nothing & be happy" the happy part comes once perhaps once you retire to the "overside".
>>61305914Somehow people WANT to be debt slaves that will have to toil every day until death just so they can pay interest to Mr Goldstein. The average man yearns for serfdom.
>>61305914credit card bros should i join this statistic and just stop paying my $10k in credit card debt? will they put a lien on my primary residence?
>>61306372Yeah. Even if you somehow eliminated all debt today, a lot of people, will immediately start doing poor people behavior. There will always be a serf class in a capitalist society. >>61306381Don't do that unless you want to be poor.
>>61306392>Don't do that>increasingly nevous credit card jew
>>61306414If he doesn't pay back his credit card debt they can sue him and put a lien on his property, garnish his wages, or use some other method to get their money. CC companies aren't playing around anymore and want their money. I'm just trying to help but if you want to be poor that's your decision and I'm not going to stop you.https://m.youtube.com/watch?v=y-DMMziL2bc
>>61305914PAY YOUR FUCKING BILLS FAGS.
>>61306142>is this one of those things that catches someone and then basically it sticks with them for life? (the cc debt)Yes, 100%. Do not use credit cards.
>>61306556You can use them if you pay them in full by the due date everytime for the free cash back. Credit cards are also easier to dispute with fraud. It's the banks money not your money. CC's are only a problem if you go into debt with them AT ALL.
>>61306145you debtmaxx assets that will appreciate in value, not doordash
>>61306145Based, you’re doing a noble thing.
>>61305914A recession is coming next year
>>61306128gtfo of my board boomer
Debt collector here. It's fucking impossible to squeeze zoomers. They have no garnishable wages or property. They just kind of exist outside the system. Creditors should not lend money to Gen Z, period.
>>61305914I can not believe 12.4% of the population is now openly anti-semitic. These are dark times
>>61306952Having credit card debt isn't based, it makes you poor.>>61306679They will collect when zoomers starting making more money and owning more assets. And the interest will mean they collect much more.
>>61306123Credit card delinquency is a pretty decent economic indicator, midwit-sama>>61306214>>61306305Oh look a whole bunch more valid bad news. Crazy.
>>61306145CC companies will write off the $180 debt that you're too poor to pay off, and you won't be able to get a loan for 7 years. But good job sticking it to the man I guess.
>>61305914Those credit card companies didn't make loans, they made investments, and sometimes investments go to zero. Fuck you usurious faggots I'm not paying shit back until the dollar is hyperinflated if even then. Already have a house and vehicle don't need a good goy score anymore haha tounge my anus
>>61305914>1. Ages 18‑24 — 16.2% delinquent>2. Ages 25‑34 — 14.8% delinquent GEN Z KILLED THE ECONOMY
>>61306654>gtfo of my boardexcuse me anon i didn't realize i was posting on /lgbt/
>>61307215>sues you and puts a lien on your houseNice "house" there
>>61307276What is a homestead exemption faggot
>>61306647we're already in a recession. Subtract the mag7 from the s&p and you can see we're in deep shit
>>61307317That is completely irrelevant to the topic retard.
>>61307346How does a lien hurt if you live in the house and don't have to pay back your stupid $10k in unsecured usurious debt unless you sell or refinance because homestead exemption protects you from forced liquidation you retarded cunt. Creditors can still tongue my anus because it will be gone in 7 years by law. Zoomers don't listen to these faggot boomers trying to say it sticks with you for life, muh "you took out a loan now pay it back" Not at all irrelevant to the topic, you were invested in by the credit card companies, you intended to pay them back then, oopsie, economy got rugged now you can't, sorry CC companies, sometimes investments go to zero, do better due diligence next time
>>61307030RECORD 14% OF STUDENT LOANS TURN 90+ DAYS DELINQUENT IN Q3 2025 - HIGHEST SINCE DATA BEGAN IN
>>61307568>>61305914where are they getting this data from?
The youngest block has the most CC debt and lacks the ability to pay it...how is that news? Maybe if you had to be 25 to get a CC this wouldn't be an issue because it's not like a CC company would ever engage in predatory practices on the youth
>>61307054"You won't be able to get a loan" sounds like "you're banned from hell" to be thoughteverly tbf
What would our economy be like if we banned credit? Serious thought experiment.
>>61306234so anon got free money forever with no drawbacks? nice
what if everyone just stopped paying their bullshit loans lol
the bubbleTHESE ARE WARNING SIGNS BUBBLE
>>61307727its from the New York Fedhttps://www.zerohedge.com/markets/us-household-debt-hits-record-186-trillion-student-loan-defaults-explode
FED'S WILLIAMS: 'IT WILL NOT BE LONG' BEFORE U.S. CENTRAL BANK NEEDS TO EXPAND HOLDINGS AGAIN the money buffet again will be all you can eat & banks are starving for liquidity = an abundance of risk taking. No downside to risky behavior when the gov't/fed bailout liquidity is always there to reward this behavior when you wrong = Kingsized Moral Hazard & when that gets stretched too far we get the collapses in the illusion of safety. Consumers realize their savings, pensions, or insured assets aren’t as protected as they thought. The “too big to fail” becomes to "too big to care about" & "too small to think about". When moral hazard collapses, the reckoning hits consumers hardest. You can bet some "analyst" on CNBC will still say "the consumer looks strong, there still spending" "US central banks need expand holdings again" means labor less money created that will cause the average US consumer to have their cost of living increase to save the economy
Restaurant/Food Stocks are in a full blown recession along w/the following store closing in 2025 1) Joann - ALL STORES 2) Walgreens - 500 STORES 3) Quiksilver Billabong - ALL STORES 4) Forever 21 -200 STORES 5) CVS pharmacy - 270 STORES 6) Macy's - 66 STORES 7) FAMILY DOLLAR - 370 STORES 8) Party City - ALL STORES 9) Foot Locker - 420 STORES 10) Advanced Auto Parts - 700
>>61307815>What would our economy be like if we banned credit? Serious thought experimentWe'd return to the old ways.
WHITE HOUSE: FEDERAL STATISTICAL SYSTEM MAY HAVE PERMANENTLY BEEN DAMAGED WHITE HOUSE: OCTOBER JOBS REPORTS LIKELY NEVER RELEASED
>>61308349Gonna be a big end of year for Gold, Silver, Miners, PM Steamers and PM royalty companies.
>>61306142Cumon. Have you never watched this fat cunts show?
>>61306647Try depression
>>61305914it's nowhere near as bad as 2008... https://fred.stlouisfed.org/series/DRCCLACBS
>>61305914Got racial statistics for that?
>>61306556I don't use them and I have a terrible credit rating, which is fine by me.
>>61307215Yep. Many of you seem to live in what are essentially debt slave colonies. €40k Credit Card Debt in Ireland – No Assets, Can’t Pay1. What they can do: • Call/email/letter (9am-9pm, Mon-Sat only). • Sell debt to agency (same rules). • Sue in Circuit Court get judgment (6 yrs on credit file). • Enforce via: ◦ Attachment of earnings (if you get a job). ◦ Garnishee bank account (if money in it). • No jail. No home seizure. No goods taken.2. What they won’t do: • Enter your home. • Force bankruptcy (costs them €5k+, get nothing). • Arrest you.3. Best move:Call MABS (0818 07 2000) today they negotiate write-offs or €0 payments if you prove hardship.Or Debt Relief Notice (isi.gov.ie) €35k max, 3 yrs, debt gone.Bottom line:You’ll face pressure + credit damage, but no real loss if no income/assets. Act now – MABS stops it cold.
>>61305914lol that's a lot
>>61309938If delinquency rates are lower than they were last year then what caused the liquidity crisis just a few weeks ago? And if jobs were cut in October, is it not too early to breath a sigh of relief that it's not 2008 again?
>>61309938That data only goes to Q2 2025. They zoomed up massively
>>61305914>>61306305>>61307568>>61308349>>61309866thank you for highlighting the important part of that twat.
Here’s the 90 day delinquency rate up to now. You can see it’s spiking. And we haven’t even entered the beginning of a downturn. Note; these percentages and rates all depend on how many days you pick for delinquency. You can make them look at lot better by picking 30 days. But to not pay anything for 3 months. I wonder what the 90 day looks like.
>>61310030I meant 180 days.
>>61307995>stop requiring student loans to be paid>suddenly delinquency disappearsfunny how that works
>>61309974I would assume it's everyone parking their money in treasuries causing stocks to demand a higher return but since that return isn't there a crash is coooming. also the student loans are probably part of that since they were forbeared for so long but I don't expect much out of it. >>61309997wheres teh data
>>61305914PPX could have fixed it for at least some of them
>>61310070https://ycharts.com/indicators/us_credit_card_accounts_late_by_90_daysShould be noted. These rates can double in a recession. 25% delinquencies doesn’t sound like a buy signal for me on these companies. And a recession is ongoing.
Look at student loan. wtf. Young people are falling off a cliff.
>>61310099could be the SNAP/EBT thing happening that is also fueling the fire but maybe that would see a bigger effect in 2 months
>>61310128and govt shut down
>>61310128It’s the cost of living. We all know it. Whatever Trump says. Basic or essential shit had being going up about 8-10% per year. It’s starting to crack the bottom. The credit card is just a sign they are running out of options
>>61305914This is bullish. Poor delinquent fucks don't own stocks. It does creates fear. Stocks are a buy now.
>>61310149>It’s the cost of living. We all know it. Whatever Trump says. Basic or essential shit had being going up about 8-10% per year. It’s starting to crack the bottom. The credit card is just a sign they are running out of optionsno yeah it is but eventually the house of cards is going to fall. Even if you are considered to have made it at the moment, what if US dollars become the equivalent of Zimbabwe dollars in buying power? Bros we are so screwed
>>61310222Even if you are invested, it's not like there will not be downturns in whatever you are invested in, which may or may not pump back up bros they prob going to make a new currency that is not tied to us dollars
people pay that shit off?
>>61309938Yet
>>61307018The zoomers have no money to afford any assets whose going to give them a loan to buy assets like cars or houses
>>61305914What does credit delinquency mean
>>61310938It means someone hasn't paid their bill in 3 months, ranjeet.
>>61306145If it's any serious amount they'll sue you far it. Rolling for debtors prisons making a comeback.
>>61309294Man the market really is just becoming a singularity into tech. The moment people run from tech I doubt theyll run to these stocks and would rather just go 100% cash. Wew imagine how hard stocks will crash when retail refuses to buy the "safe consumer defensive stocks" that still dump in recessions. I will never understand rotation into gold or consumer defensive stocks being lauded as a good idea since they still dump in a recession. Maybe not as hard but Id rather be in cash. Better to only lose to inflation rather than lose to both inflation and the nominal value of the cash being lower because the stocks/gold dumped too.
List of Companies Laying Off Employees in November 1) 21st Amendment Brewery Café 2) Accelore Group 3) ACDI VOCA 4) ACG Biologics 5) AG Management Group, LLC 6) Agile Physical Therapy 7) Agrimacs, Inc. 8) AgriNorthwest 9) Alphabet Inc. 10) Aluma Systems Baltimore 11) Arsenal Biosciences, Inc. 12) Aurora Cares, LLC. 13) Avelo Airlines 14) Azure Acres Treatement Center 15) Baltimore Fabrication LLC 16) Bell Nursery, LLC 17) Bicycle Transit Systems 18) BM Administrative Services 19) Boardwalk Property Services, LLC 20) Borton & Sons, Inc. 21) Canyon Ranch Woodside 22) Carbon, Inc. 23) Cascade View Fruit & Cold Storage, LLC 24) CHEP Services, LLC. 25) City of Hope 26) Columbia Orchard Management 27) CRC ED Treatment LLC 28) Darigold, Inc. 29) DexCom 30) DoubleTree by Memphis 31) Dreyer’s Grand Ice Cream 32) DSTV Inc. 33) EchoStar Corporation 34) Eclipse Advantage, LLC 35) Elme Support Services LLC 36) Equiniti Trust Company, LLC 37) Essendant Management Services 38) Family YMCA of the Desert 39) FirstFruits, LLC 40) Foundation for California Community Colleges 41) FPI Management, Inc. 42) G&C Staffing, LLC 43) G2 Secure Staff 44) Gebbers Farm 45) Gilbert Orchards, Inc. 46) GS Riverside, LLC. 47) HillsboroFacility 48) Holiday Inn Club Vacations Incorporated – The Villages Resort 49) IPG DXTRA Entertainment 50) J & J Maintenance 51) Jabil 52) Jewish Community Center and Federation 53) John Deere 54) Johns Hopkins University 55) Just Learning, Inc. 56) Kershaw Farm Labor Management 57) King Fuji Ranch, Inc. 58) Landey EV Dispatch, Inc. 59) Lazyday Holdings Inc. 60) Magnesium Alloy Products Co., Inc 61) Manson Grower Orchard Services 62) MaxCyte, Inc. 63) MB 64) Metro Mattress Corporation 65) Microsoft 66) Monson Ranches-Snake River Orchard, LLC
>>6131194467) MS Leisure Companny 68) N.A. Degerstorm 69) Nordstrom Credit Bank 70) Norman’s Nursery 71) North State Public Radio 72) NWFM 73) OP Mobility 74) Oracle America 75) Overlake Medical Center & Clinics 76) Palo Verde Healthcare District 77) PenneyOpCo LLC 78) Perdue Foods, LLC 79) PGT Industries, LLC 80) PL Developments 81) Quest Diagnostics 82) RAND Corporation 83) Randstad 84) Raydia Food Group 85) Raytheon Technologies 86) Revel Transit Inc. 87) Revol Greens CA, LLC 88) RGNext 89) Rivian, LLC 90) S3 Shared Service Solutions 91) Safeway 92) Salesforce 93) Sandpiper 94) SAP America 95) Saputo Cheese USA 96) Seatrium AMFELS, Inc. 97) Seattle Children’s Hospital 98) Sheridan Random Lake 99) Six Flags Entertainment Corporation 100) Southwest Key Programs101) Stemlit Ag Services LLC 102) Sunny Glenn Children’s Home 103) Target 104) The Brigantine, Inc. 105) Thermal Structures, Inc. 106) UMB 107) University of Southern California 108) Valyria, Inc. 109) Virginia Mason Franciscan 110) Warner Music Group 111) Washington Orchard Management 112) Wellpath 113) Wells Fargo 114) Wells Fargo Center 115) Wodward West 116) York International Corporation 117) Zeco Systems, Inc.
>>61311930Hiring hits lowest level since the GFChttps://www.cnbc.com/2025/11/06/retail-holiday-hiring-to-hit-lowest-level-in-15-years-nrf.html
>>61311950>RAND corporationwhoa that's a unique one
>>61311974
>>61310149Inflation peaked at just over 9% years ago. We’re at like 3% now, it’s not that bad
>>61312174
>>61312174well to be frank, inflation is just a gaslighted number that the fed makes up to stay in line with their 2% target. So in reality a lot of the goods most people buy are probably up by 20% but they don't include this because it would scare the economy
>>61306123>I don't understand what I'm looking at so I'll just sperg out and whinge about nothing whilst telling OP to 'kys'
>>61310041Dont worry, there is only 1.8 Trillions of student debt
>>61311974>>61312134Keep up the good fight anon. I check this thread for updates.
>>61306142>>61306556>>61306616Nah there is nothing wrong with debt. You pay more later to borrow money you don't have now. Its 100% worth it. Only problem is a lot of "people" they are lending to have either no way or no plan of ever paying it back in the future.
>>61305914What's the max amount I can default on in CAD before they start coming after me? I've got 6 cards so far, thinking when I get up to 20 or so I can put $4000 on each one and walk away.
The October jobs report will be released without a reading of the unemployment rate, President Donald Trump’s top economic adviser said Thursday
>>61314686Criminal desu.
>>61306142They just don't pay them. That's why they're delinquent.
>>61312134Verizon to Cut About 15,000 Jobs Its becoming worse & a pretty rapid pace going into what should be for the holiday season a hiring spree but its the opposite
BRATTY delinquents need to be corrected
>>61306679But zoomers will inherit at some point
>>61308349The Fed's "original recipe" of QE He’s signaling liquidity management rather than outright QE for stimulus purposes, but the mechanical effect (expanding the balance sheet) is very similar. They are simple changing the "colors" in hopes you recognize its the exact same thing If the Fed keeps using the repo facility HEAVILY or expands reserves to stabilize funding markets, it is effectively injecting liquidity in a QE-like fashion, even if it’s not calling it QE Either way, it's dwelling on expanding liquidity the same core effect as QE, just under a different label. As said before there isnt enough heavy metals to be able to get ahead of this mounting situation where reality begins to assert itself in a profound fashion In practical terms, the cost of living for the median consumer rises as a hidden tax to preserve systemic liquidity & financial stability. THE PRINT IS ON FOLKS
