Nobody ,

Student loans, credit cards. They fuck you even if you’re homeless. The debt accumulates. Just waiting for you to get back on your feet.

Make no mistake about it. The wealth extraction class has refined its methods to the maximum. They’re stealing everything that isn’t nailed down before they lock down in their bunkers to survive global warming.

AlecSadler ,

Some crazy part of me wonders what would happen if 50%-75%+ of people just straight up refused to pay.

And, not for like...one month. But 6-12 months. It would have to have a meaningful, negative impact to banks? Right?

stembolts ,

This is what we call a 'leading indicator'.
Hopefully it ends with explosions.

Someone in the upper class musta bought a "how to revolution" kit and is poking the populace to see if it works.

I can appreciate that kind of science.

Raise the price on everything! Line go up! (But sir, she cannae take any more!) LINE! GO! UP!

mean_bean279 ,

Except that it’s currently at 3.5%. The last time it was that high was 2012… and every quarter since at least the 2000s. We had record lows of delinquency during the pandemic as people paid cards down heavily with their government stimulus. While that was a wealth transfer, this isn’t any kind of an indicator more than it’s one from Forbes trying to spook average Americans so they can buy up more property when it collapses again.
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