11/12/2025
We talk about “the economy” like it’s one thing, but todays charts like this tell a different story.
Subprime loan delinquencies are now at some of their highest levels in decades, highest since 1994 for some, according to Fitch Ratings. For many families, the rising cost of living, high interest rates, and tight credit are stretching budgets past the breaking point.
Meanwhile, those with strong credit or existing home equity are still doing fine, two very different realities under one flag.
It’s the same pattern we see in housing: younger or lower-income buyers are locked out, while established owners build wealth faster than ever.
Maybe the real divide isn’t between “boomers” and “Gen Z,” or “buyers” and “renters,” but between those who already have a foothold, and those still trying to find one.
