Mortgage costs have tripled since the pandemic low; average consumer debt loan rates are around 13%, credit card debt is above 22%, Canadian mortgage rates are above 6% (with stress test qualification at 8%), and US rates are above 7%, representing 23-year highs in consumer debt interest rates at a time when household debt levels are higher than at any prior cycle peak.
factualpending
Speaker
Danielle ParkEvidence Quote
“a tripling in mortgage costs and the highest interest rates we've seen in Consumer Debt the average Consumer Debt loan and I think is around 13 now in terms of a rate credit card debt is well above 22 percent”
Source
Economic Collapse is Basic Math and it's Very Clear How Things Play Out: Danielle Park— The Jay Martin ShowCreated: 8/11/2026, 1:14:25 AM
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