Delinquency Rates Are Spiking! Has The Final Meltdown Of The U.S. Consumer Now Begun?

According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter of 2023. It is now sitting at a grand total of 17.5 trillion dollars. I suppose the good news is that we aren’t 34 trillion dollars in debt like the federal government is.