Attention Economy


Tuesday, May 7, 2024

The True Scale of U.S. Consumer Debt Problem

Gen Z Sinks Deeper into Debt
https://www.wsj.com/personal-finance/gen-z-credit-card-debt-inflation-2f2f927e
The rising debt load on young Americans largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans. 
 
Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track
Consumers have embraced ‘Buy Now, Pay Later’ products that allow them to pay for purchases in installments, but it’s not clear how many of these loans are out there.