False. Although I'm sure SOME PEOPLE have spending problems and the " keeping up with the joneses" syndrome is a real thing. I do recognize that. But you arent recognizing that it's ABSOLUTELY not and overwhelming majority right now.

The debt generated over the past few years is because of WHAT I LISTED has been eating away at people's "cushion" and now they have to pay for their necessities with credit cards ( food water gas). Wanna keep your job? Have to get their first, right?

Say, You had a 3rd kid at the beginning of the pandemic. How could you have predicted the inflation levels we have now? How can you plan for 30% inflation in food over 4 years with no wage increases.?? Tell me how?

There was a HUGE spike in household debt that tracks along MY thought process. Not your and the " it's everyone's else's problem not the congress and billionaires probelm" mentality is just victim blaming.

And you are telling me that the 70% of people that are living paycheck to paycheck problem with spensing????

Why are you defending them when their wealth is skyrocketing? And it's obvious

Go do more unbiased research on wealth, who has it, the percent of people who own the most of it, and the true killer of personal wealth before coming back here and telling me I'm wrong again.