> Auto, student loan and credit card delinquencies reach record highs, commercial real estate and the private credit default rate hits 15%

And an epic victory arch and a battleship!

The problem with student loans is someone who is 19 looks at it as a way out of having to work for four years.  Four years to a 19 year old is a long, long time.

anon user #8647 wrote:

Watch the asshole Trump try to limit the bankruptcies so people can never get out of the debt.  That's how an asshole works.

If the borrower doesn't pay who pays? You? Me?

Diarrhetrius Brown wrote:

You sound like a dumbass who has a lot of debt!

How would you feel about the debt if you had loaned out your money so students could buy cars, clothes and go to college? Forgive their debt, right?

So you agree that Trumb should be forced to pay back the roughly $12 billion in loans and debt he’s defaulted on over the last few decades.

Maybe they should spend less on avocado toast, and save more for paying off their debts!

Diarrhetrius Brown wrote:

My question is why the fuq people go into debt for anything other than a house to live in?

Seriously, why?

Spend $200,000 for that Masters of Puppetry degree from the University of Connecticut? https://drama.uconn.edu/programs/puppet … -puppetry/

The first two years at a community college is practically free and when attending maybe you should live at home when working a part time job saving your money for the future?. 

Why would anyone ever use a credit card when they know they could not pay it off in full when due? Paying 35% interest? How fuqing stupid would one have to be?

What people do with money today is just stupid.

Trade schools teach you a skill that pays way better and the job market is way better.

Too worky.
\

Thor wrote:

Learning point: Going to university in EU Member States is free of charge - you just pay a fee of 250 USD for health insurance, access to all sport facilities, libraries etc. a for free access to public bus, tram, train, metro and ferry transport throughout the federal state your uni is in.

Trade schools together with firms and companies teach apprentices during their three year courses their professional skills according to the national certified curriculum  of their trade. During the apprenticeship the trainees get plus/minus 1100, 1200 and during their third year 1300€ monthly student income.

Do any of these lazy Zoomers want ton weld?

wrote:

Do any of these lazy Zoomers want ton weld?

  You fuqing boomers with your trades fantasies…


“AI Overview
Yes, $20/hour is a standard starting point for Level 1 Combination Welders at SpaceX. However, wages scale up based on experience, skill, and location, with the overall average hovering between $23 and $28 per hour.”

Diarrhetrius Brown wrote:

My question is why the fuq people go into debt for anything other than a house to live in?

What people do with money today is just stupid.

Point well made.   If debt and default is an issue for you, DON'T GO INTO DEBT AND DEFAULT.   Whatever nonsense some idiot is making up for some political fart,   YOU make sure it doesn't apply to you.

usury wrote:

   for the past quarter century and "big data" I've considered bad loans to be more of a lender problem.

Agree consider this a lender problem. They loosened controls to allow any shythead to get a loan for anything. The guy getting the commission is probably long gone.

Or the mortgage backed security scam in 2008 where they chopped up mortgages and re-re-sold them so it was impossible to figure out who to blame. Credit rating agencies went along for the ride.

Yes.  This entire subject is some insignificant turd, trying to make a useless point, blaming trump for some questionable statistics.

The left is OUT of ideas.

If you DO play with debt, play it smart as a way to build wealth and equity.   I did it with Real Estate and business.

Do NOT play the game DUMB, incurring consumer debt for stupid shyt you should pay for in cash.   Democrats do that.

Tom Leykis wrote:

Point well made.   If debt and default is an issue for you, DON'T GO INTO DEBT AND DEFAULT.   Whatever nonsense some idiot is making up for some political fart,   YOU make sure it doesn't apply to you.

But Tom, a married couple with three children need 5 cell phones two phones for the adults and one phone each for the 15 yo, the 13 yo and the 12 yo.

The Play Station Pro that can be had for as little as $900.00 but that doesn't factor in the cost of the games.  No problem, you can just put that on your credit card and pay over time.

Don't forget my cable TV that must be had with the pro sports channel!

The average monthly cable package is now $217.42 per month.  I know it's expensive but I got to have it or I die!

https://money.usnews.com/money/personal … -per-month

One cheap cell phone for each parent. That's all, the 12 year old can go without.  No, you don't have to spend $1,500 for the latest Apple.

Fuq video games.  Worthless.

No cable television or even internet.  Do you really, really need internet?  Get an old fashioned antennae and enjoy TV like we did 60 years ago.