[Worldtraveler once upon a time]

When one does not like the messenger, other messages are found:

US credit card defaults soar to highest level in 14 years Fox Business

Credit Card Defaults Skyrocket as Americans Unable To Pay Their Debts Newsweek

US credit card defaults surge 50% in 2024, reaching a 14-year high MSN / Invezz

US credit card defaults soar to highest level in 14 years

Translation: Consumers, having run up debts, are screwed.

[kiryandil]

Thanks for those links!

The proof is in the pudding.