What does burst, instead, is the average net worth of Americans / Households.
We are at something like 10 to 15 % of Americans with a negative net worth right now, more debt than wealth.
So, welcome to the semi-formal birth of the debt slave social caste!
Ain’t nobody working the farms no more, and indentured servitude is explicitly legal in the US as punishment for a crime.
If your crime is avoiding debt collectors long enough that they file a lawsuit against you, and you don’t show up to court, well now you have an active arrest warrant.
And soon, probably also a non voluntary vacation to a semi-local farm.
Thats the neat part, it doesn’t!
What does burst, instead, is the average net worth of Americans / Households.
We are at something like 10 to 15 % of Americans with a negative net worth right now, more debt than wealth.
So, welcome to the semi-formal birth of the debt slave social caste!
Ain’t nobody working the farms no more, and indentured servitude is explicitly legal in the US as punishment for a crime.
If your crime is avoiding debt collectors long enough that they file a lawsuit against you, and you don’t show up to court, well now you have an active arrest warrant.
And soon, probably also a non voluntary vacation to a semi-local farm.