An Explosion of Household Debt

Sunday, June 21, 2026

America's swelling debt pile bodes ill for the the US economy, Societe Generale said.

Posted by lamplighter at 11:33 PM | 15 COMMENTS | permalink | Comment on This Entry |

Rising delinquency rates on household debt indicate that Alaskans are increasingly finding it difficult to make all ends meet, a state economist said. www.adn.com/business-eco ...

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-- Anchorage Daily News (@adn.com) 11:56 AM Â· Jun 4, 2026

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More from the article ...

... Total liabilities among US households swelled to a record $19.9 trillion at the end of the first quarter, according to Fed data, a sign that Americans are continuing to borrow and fund their spending.

Yet, the personal savings rate is hovering near a record low, shrinking to 2.6% in April, according to the Bureau of Economic Analysis. ...

"The US consumer currently resembles the Wile E. Coyote character, running off the cliff and suspended in thin air briefly, before collapsing," Edwards said, referring to the potential for consumer spending to see a sharp drop if Americans were motivated to save more, such as if stock prices were to take a beating.

"It doesn't take a Fed PhD economist to tell us that if the US saving ratio (SR) stops falling, consumer spending will grow in line with income, which is falling. And woe betide the economy if the SR actually rises back to more normal levels," he added. ...

#1 | Posted by LampLighter at 2026-06-21 02:33 PM | Reply

What could possibly go wrong?

#2 | Posted by LegallyYourDead at 2026-06-21 03:32 PM | Reply

The Trump Economy that Republicans love.

Time for these losers to pull themselves up by their bootstraps.

#3 | Posted by Sycophant at 2026-06-21 11:59 PM | Reply

Max those credit carts!

#4 | Posted by REDIAL at 2026-06-22 12:07 AM | Reply

Don't more Alaskans have pilot's licenses than driver's licenses?

Hell, they've got private planes. What do we have here in the lower 48? Uber?

The world's doing just fine. You don't have to make all ends meet. Just one at a time by whatever means, then start running from away from the next one. Been there, done that.

It's the American way.

Debt kills.

#5 | Posted by Dbt2 at 2026-06-22 01:05 AM | Reply

Keep this in mind when they blather on about consumer spending being up...
jus' sayin'

psssttt... the number of pilots always outnumbers the licenses... tee hee...

AK is not for the faint of heart. You can make a lot of money working there... it just takes so much to live there. All the money you save on taxes is spent on essentials. It's not unusual for people to work on the North Slope but live in TN, VA, KY... they set the schedules 6 weeks on 4 weeks off and such...

#6 | Posted by RightisTrite at 2026-06-22 01:26 AM | Reply

Also... AK is undergoing an exodus lately... not even a million people... and they are losing population.

#7 | Posted by RightisTrite at 2026-06-22 01:30 AM | Reply

"but live in TN, VA, KY..."

Cumberland Gap and surroundings for 100 miles also not for the feint of heart.

#8 | Posted by Dbt2 at 2026-06-22 01:38 AM | Reply | Newsworthy 1

For me, the most scary thing about what is going on in our country is that no one is in charge...it seems that someone put the needs of the 1% over the rest of us, and put all thinking to align with that perspective. Cut taxes for the rich, and when social programs are hurting, blame the poor for their poverty, blame the sick...and so on. We clearly are falling fast to a sort of grand depression for those of us at the bottom and an economic heaven for the Mar a Lago crowd.

#9 | Posted by Hughmass at 2026-06-22 06:46 AM | Reply

blame the poor for their poverty, blame the sick...and so on.

#9 | Posted by Hughmass at 2026-06-22 06:46 AM | Reply | Flag:SIGH

It seems the worst crime you can commit in this country is being poor.

Economic disparity makes communism look attractive. It's the seed of every revolution.

#10 | Posted by RightisTrite at 2026-06-22 07:03 AM | Reply | Funny: 1

"Those who make peaceful revolution impossible will make violent revolution inevitable."
John F. Kennedy, 1962

#11 | Posted by Doc_Sarvis at 2026-06-22 07:09 AM | Reply | Newsworthy 1

11. Another view: Those with enough power who work toward nuclear peace will make future life uncomfortable for themselves.

John F. Kennedy, 1964

#12 | Posted by Dbt2 at 2026-06-22 07:32 AM | Reply

Cumberland Gap and surroundings for 100 miles also not for the feint of heart.

#8 | Posted by Dbt2 at 2026-06-22 01:38 AM | Reply | Flag:MMMHHMMMM

I just moved close to where TN,VA, and NC come together...
The vibe feels oddly familiar... It's fun making my way around...the belly of the beast! AGAIN.

But then I moved here from DC... needless to say... I'm a woman of extremes...

damn... I wanted to use "feint" too... but the grammar nazi insisted... heavy sigh.

#13 | Posted by RightisTrite at 2026-06-22 07:44 AM | Reply

13: I moved from near there to NoVa.

What I've learned in 26 years in Virginia:

It doesn't matter how close to a big city you are. If you're in the county as opposed to a Town or City, you're on your own.

#14 | Posted by Dbt2 at 2026-06-22 08:25 AM | Reply

it seems that someone put the needs of the 1% over the rest of us, and put all thinking to align with that perspective.

The media which is owned by the 1% have been pushing a pro 1% agenda for fifty years....

Vilify education.
Vilify unions.
Taxes are theft.
Social Security is a ponzi scheme.
Tax cuts create jobs.
Regulations kill jobs.
Clean air, water and soil hurt economic growth.
Peace through war.
Books are bad.
Living wages will kill jobs.
Food stamps are bankrupting the country.

#15 | Posted by Nixon at 2026-06-22 09:29 AM | Reply