If the following video is indicative of just 10% of the Gen-Z or Millennial generations, God help us as this makes 2009 look like a nothingburger. After watching the entire video, I started to have flashbacks to sixteen years ago.
So now that student loan late and non-payments are being recorded as delinquencies the numbers are starting to trend up across the board per the NY Federal Reserve Survey:
Which of course leads to more loan and credit application rejections for the consumer as not just student loans delinquencies increase, but the credit quality of the lowest 60% of borrowers, yes, including seniors, deteriorates also:
Now let those two graphs and the data sink in. Then think about what happened to the consumer from 2005 to 2011.
Having a flashback like yours truly now?
So watch this brief snippet below from the longer video then think about what I say afterwards.
Lol, Bruh. pic.twitter.com/EXJIVnkD7F
— Paul (@WomanDefiner) June 2, 2025
Take a few moments, watch the entire show linked up above and think about it. If anyone believes that this couple will not default on their home also without a miracle, think again.
Then review the stagnation in income growth for the lowest 40th percentile of American wage earners who are still unable to keep up with even this lowered rate of inflation but still given a mortgage under questionable qualifying criteria.
Just like 2004. Just like 2005. Just like 2006 and 2007.
And now, just like 2021, 2022, 2023, and 2024.
Welcome back to reliving a very negative aspect of the Great Financial Crisis where the people who should have learned a lesson failed to impart that lesson on their children and now everyone across all ages and incomes just assume the government will bail them out “just because.”
Hard times are coming, again, so buckle up for a potentially disastrous deflationary credit contraction in 2026.
