The banks *will* get bailed out. The family whose car gets repo’d is screwed.
13.1% of credit card balances in the US are now 90 days delinquent, the highest since 2011.
10.3% of student loan balances are now 90 days delinquent, the highest since 2020.
5.6% of auto loan balances are now 90 days delinquent, the highest level on record.