Unsecured credit card debt just hit levels not seen since the 2008 Financial Crisis—and it's staying there. A year ago, we crossed that threshold. The fact that elevated debt levels have persisted rather than retreating suggests sustained consumer financial stress. For anyone tracking macro trends, this is a signal worth monitoring. Economic headwinds like these often reshape risk appetite across all asset classes, crypto included.
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just_another_fish
· 11h ago
NGL, consumer debt is so high and still not coming down, which shows that everyone is really struggling... Is the crypto circle going to cool off along with this wave?
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¯\_(ツ)_/¯
· 11h ago
The nightmare of 2008 is back? This wave in the crypto world might end up taking everyone down with it.
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GweiWatcher
· 11h ago
Back to the 2008 setup again, can we dodge it this time?
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ForkYouPayMe
· 11h ago
Nah, this time really is different. The feeling of debt not being paid off but instead increasing is becoming hard to bear. If the macro environment continues like this, the crypto world will have to follow as a sacrificial offering.
Unsecured credit card debt just hit levels not seen since the 2008 Financial Crisis—and it's staying there. A year ago, we crossed that threshold. The fact that elevated debt levels have persisted rather than retreating suggests sustained consumer financial stress. For anyone tracking macro trends, this is a signal worth monitoring. Economic headwinds like these often reshape risk appetite across all asset classes, crypto included.