AMERICA’S DEBT SLAVES: How Wall Street Turned the Middle Class Into a Human Credit Card

The Consumer Is the Economy—And the Consumer Is Drowning We’ve heard it for decades: “Consumer spending makes up 70% of the U.S. economy.” But here’s the dirty secret the bankers won’t say out loud—that 70% is now funded by credit cards with 29% APRs. What used to be a nation of homeowners and savers has become a nation of debtors and renters. We don’t own anything. We borrow it. We finance it. We lease it. And the moment the Fed sneezes, your wallet gets pneumonia. The old system of mortgage-based debt was bad enough. But at least you could live in the house. Now? You can’t live inside your MasterCard bill. You can’t sleep in your Affirm loan. And you…