Trucks underwater, shadow debt, and record low consumer confidence: Does the government care?

In this episode, we analyze inflation effects on fuel and housing, record consumer debts including credit cards and auto loans, and a historic drop in consumer confidence. Economic stress shows in underwater car loans, HELOCs used for consolidating debt, historic low savings, and more multigenerational households. The K-shaped economy fuels wealth concentration amid rising threats of job losses from AI, tariffs, and stagnant wages.

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