ilmscore | America’s $18 Trillion Consumer Debt Crisis: Are You at Risk?

America’s $18 Trillion Consumer Debt Crisis: Are You at Risk?

Published: 2025-06-27
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 2
Incorrect: 1
Pending: 2
Unrated: 0
Prediction
Topic
Status
BNPL debt is projected to reach $700 billion by the year 2028.
"some estimates say the BNPL debt pile could hit $700 billion by 2028"
Buy Now Pay Later Debt
Pending
Credit card delinquencies are expected to accelerate rapidly with increasing economic headwinds.
"history tells us that when economic headwinds pick up delinquencies can accelerate fast"
Credit Card Delinquencies
Correct
Over 20% of federal student loan borrowers are 90+ days delinquent, a record high as of early 2025.
"over one in five borrowers more than 20% are now 90 days or more past due which is a record high"
Student Loan Delinquencies
Incorrect
Consumer spending constitutes almost 70% of US GDP.
"consumer spending makes up nearly 70% of US GDP"
Consumer Spending
Correct
The long-term impact of debt servicing is predicted to shape the US economy for many years.
"the long slow squeeze of debt servicing may be the story that shapes the US economy for years to come"
US Economy Outlook
Pending