U.S. household debt increased by $185 billion in Q2 2025, reaching $18.39 trillion.

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[–] 7 points 1 year ago*

Thats the neat part, it doesn't!

What does burst, instead, is the average net worth of Americans / Households.

We are at something like 10 to 15 % of Americans with a negative net worth right now, more debt than wealth.

So, welcome to the semi-formal birth of the debt slave social caste!

Ain't nobody working the farms no more, and indentured servitude is explicitly legal in the US as punishment for a crime.

If your crime is avoiding debt collectors long enough that they file a lawsuit against you, and you don't show up to court, well now you have an active arrest warrant.

And soon, probably also a non voluntary vacation to a semi-local farm.

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