The U.S. Now Has:

1. Record $17.29 trillion in household debt
2. Record $12.14 trillion in mortgages
3. Record $1.60 trillion in auto loans
4. Record $1.08 trillion in credit card debt
Total mortgage debt is now more than double the 2006 peak and mortgage rates are nearly 1.5% higher than the 2008 peak.
Meanwhile, student loan payments just resumed for the first time since the pandemic with an average payment of $500/month.
This is all while new car loan rates are at a record 10% and credit card debt rates hit a record 25%.
What's the long-term plan here? $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$