Hello, Hello, Robo capitals. Hope you're well. So breaking news, the consumer debt in the United States is skyrocketing. Now at all-time highs,

let's get right over the Wall Street Journal and take a deep dive, try to figure out what's going on here.

It's time to worry, or is it time to worry about consumer debt, what is going on in seven charts?

So now, keep in mind, this is not adjusted for inflation, but in

nominal terms consumer debt 1.03 trillion and now that cannot include mortgages.

Now, so yeah, there's no way that includes mortgages.

So I assume this is just credit cards, student loans, I don't even think that.

Oh, that's just credit card balances.

Oh, excuse me, my goodness, it's 10 times worse than I thought.

Oh my gosh. One. It's 10 times worse than I thought.

Oh my gosh, one trillion dollars in credit card balances.

Holy cow.

All right, let's get into the article here.

Consumers are still flush with cash. All right, let's get into the article here.

Consumers are still flush with cash.

That's from STEMIs and whatnot

and not having to pay back their student loan,

more on that just a moment.

But are more often falling behind on some payments making it a complex picture.

So first obviously they're showing this chart, the one that I use in the thumbnail,

to illustrate that, okay, consumer debt or credit card balances for

everyone's sake are at an all-time high is that good or bad

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