Economy

Today’s economy increasingly resembles a K-shaped recovery: those at the top continue to build wealth while many working families struggle just to stay afloat. That is not the promise America was built on. Not long ago, an average family could reasonably expect to buy a home, afford a car, and raise children on one income, or two if they chose to pursue additional opportunity. For many people today, that path feels out of reach. Housing, healthcare, education, and everyday necessities have risen far faster than wages, leaving families working multiple jobs just to break even. If we want to restore the American Dream, we must pursue policies that lower the cost of living, expand access to affordable housing, and ensure that hard work once again provides a real path to stability and upward mobility.

In Q4/2025, non-housing debt keeps climbing, to $5.17 trillion. With a "T". Credit card balances rose by $44 billion from the previous quarter and is $1.28T. This is unstable.

https://www.newyorkfed.org/microeconomics/hhdc

‍

‍