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consumer stress indicators piling up

April 5, 2026The Kobeissi Letter, unusual_whales, Cem Karsan

The Kobeissi Letter, unusual_whales, Cem Karsan, and QE Infinity highlight worsening household conditions, from rising subprime delinquencies and record hardship withdrawals to more young adults living with parents and bleak consumer outlooks.

Financial stress among US consumers is intensifying:
The delinquency rate on subprime loans is up to 10% of total outstanding debt
6% of people with retirement plans requested hardship withdrawals in 2025, a record high
33% or 1 in 3 U.S. adults (ages 18–34) now live @ 🏡 w/ their parents.
Say goodnight to the consumer and the economy.
The Kobeissi Letter
unusual_whales
Cem Karsan
QE Infinity
consumercreditmacro

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