The Debt Trap

Apr 6, 2026 · 1h 40m

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Transcript

asr · 16,274 words · docs
0:00This is Hidden Brain.
0:01I'm Shankar Vedanta.
0:04It happens all the time.
0:06The lovely couple with the nice house, beautiful family and gainful careers unexpectedly find themselves drowning in tens of thousands of dollars of credit card debt.
0:17Debt grew by $93 billion at the end of 2024 and half of that increase came from new credit card debt.
0:24Now New York Federal Reserve Research.
0:28Or maybe it's the fresh college graduate who, rather than looking forward to a bright future and a sense of freedom, finds himself trying to pay back a series of compounding loans, only to watch the balance grow year after year after year.
0:42One out of every four Americans with student loans is delinquent.
0:46That's nearly triple the pre-pandemic delinquency rate seen.
0:53And then there's the retiree who thought she had enough saved until one medical emergency wiped out her nest egg.
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