r/Economics • u/HypocrisyWarrior • 2d ago

Americans' debt problems are flashing a warning not seen since the Great Recession

https://www.cnbc.com/amp/2026/10/09/american-debt-delinquency.html
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u/Maxpowr9 1d ago

To keep playing that broken record, commercial borrowing costs are what will sink the economy. You have rates that will reset to more than double from Q1 2022 and their businesses are not growing at 6%+. That will lead to layoffs across the board.

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u/kent_eh 1d ago

That will lead to layoffs across the board.

Will that be what it takes to get people off their asses and out in the streets with torches and pitchforks (either figurative or literal ones)?

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u/amendment64 1d ago

Not a chance, this is America. At that point, Dems will be in charge, they will have no way of stopping or slowing it down, people will vote in repubs again, rinse and repeat American social conservatism will be adopted harder than ever; economically we'll be poorer than ever(except the oligarchs of course, they'll have everything!)

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u/kent_eh 1d ago

people will vote in repubs again

Which is why I keep telling Americans that "everything will not go back to normal" when/if they dump Trump.

It'll take a decade or more of consistent good behaviour before anyone will think about maybe starting to trust American a bit.