[blueelephanttea]

Not only that, but the headline is a non-inflation adjusted value! We're still well below the peak of 2010!

We might be on the cusp of a collapse, but the media (and HN commentators!) continue to predict 3465 out of the last 2 recessions.

[piva00]

I mentioned to another comment, you're correct about the figure amount but the concerning part is:

> Credit card lenders wrote off $46bn in seriously delinquent loan balances in the first nine months of 2024, up 50 per cent from the same period in the year prior and the highest level in 14 years