Feb. 22 at 12:59 PM
$SPY $JPM $KRE $BAC $XLF
It isn’t a problem until it is.
Debt isn’t just a federal government issue, it’s become an issue for all states, local municipalities, businesses and individuals.
Total Household Debt Breakdown (Q4 2025)
Total Debt:
$18.8 trillion
Mortgages:
$13.17 trillion
Auto Loans:
$1.67 trillion
Credit Card Balances:
$1.28 trillion
Average Debt by Age Group (2025)
Gen Z (18-29):
$34,328
Millennials (30-39):
$132,280
Gen X (40-49):
$158,105
Baby Boomers (50-69):
$92,619
Silent Generation (70+):
$38,460
I still say everyone needs to build a 12-18 month emergency fund. Your stock portfolio and crypto wallet don’t count. Prepare for a debt implosion.
When the next downturn occurs, the federal government needs to let the washout happen.
The only way we can move forward is with a complete reset.
No more bailouts.
Only the strongest balance sheets will survive.
https://wolfstreet.com/2026/02/21/us-treasury-debt-to-gdp-ratio-rises-to-122-in-q4-highest-since-covid-spike/
