This is going to be an absolute catastrophe when the music stops. Our economy's transition from debt-financed homeownership to debt-financed groceries and healthcare is *the* story of the post-COVID era.

NEW RESEARCH🗣️📄 Borrowers who become debt-free are 30 percent more likely to say college is "worth it" & "important." Restoring public trust in higher ed means dealing w/ the short & long-term consequences of student debt. via @Dcollier74 & @markhuelsman

We're never coming back from this.

Larry once sat at a bar in the Caribbean and said millions of Americans would need to lose their jobs to bring down inflation. I wonder if he thought they too should get 24 hours of lead time to announce they were stepping back before they got fired?

When elites screw up, they “step back.” When the working class screw up, they get fired. Let’s be clear, this is not accountability. It’s still class protection.

We had a years-long fight on whether it matters if you don't deliver on your campaign promises & now OH MY GOD HE ADMIT IT

@RepYassAnsari @millennial_debt @jmargetta @TCFdotorg Families should never have to worry about keeping the lights on or staying warm over winter. Rising energy costs are driven by back-room deals between corrupt energy executives & the tech giants fueling the A.I. data center boom. Cancel utility debt now. https://t.co/CMf5uTt33q

@RepYassAnsari @millennial_debt “Rising costs for consumers—which should be treated as a public policy problem—are often shifted into private responsibility through debt. From our study: average monthly utility bills nationwide are $265! That's up 35% since 2022 & 12% since last year.” - @jmargetta, @TCFdotorg

@RepYassAnsari brought the receipts: “Since 2020, utility costs have skyrocketed 🚀 increasing by 35%. As a result, 14 MILLION Americans are drowning in severe utility debt.”

Today, @jmargetta @Edi_Nilaj and I put out a new analysis from @TCFdotorg @BorrowerJustice looking at the boom in past-due utility bills appearing on Americans' credit reports. The upshot: energy bills are going up and families are falling behind. This is Trump's economy.

Past due balances to utility companies jumped 9.7% annually to $789, said The Century Foundation, a liberal think tank, and the advocacy group Protect Borrowers. The increase has overlapped with a 12% jump in monthly energy bills. https://t.co/7i27Uo5DFx

🏠📄NEW: Our latest paper — "Capital Crunch" — is OUT NOW! The paper details the policy choices that created today’s financialized homebuilding industry, which bends to the will of Wall Street, restricting single-family home supply and raising prices. As covered in @FT👇

Nearly 6 million US households have utility debt “so severe” that it will soon be reported to collection agencies.

This Week In Debt! A meditation on opacity in lending, followed by news on a big 10th circuit ruling, credit cards, Erebor bank, private student loans, and more!!! My favorite bit: https://t.co/P6CPTGyiKu?

politics are so funny because guys will spend years arguing about how dems pick unpopular issues then die on the hill of “miller lite should cost $25 at a baseball game”

Price controls have well-documented costs. But they also may be the only way to provide the short-term price relief voters want and need. In today's NYT, @nealemahoney and I make the case for pairing targeted price controls with supply-side reforms. 1/

NEW: Before the recent Epstein disclosures, Larry Summers was poised to lead the economic policy plank for the Democrats' "Project 2029" effort at the Center for American Progress. He signed off on a housing policy paper CAP was prepping for next week. https://t.co/NpHQt64rK8

🔥🔥🔥 👏👏👏 Get ‘em @jennzhang_

The Trump administration’s actions at the CFPB signal to banks and lenders that it’s open season for defrauding and taking advantage of working families. Via @jennzhang_ at @publicknowledge Full testimony: https://t.co/OJqK3RhVlF

LFG 👊🟩🔥

🆕 We're thrilled to host 3 former CFPB leaders & lawyers—Eric Halperin, Cara Petersen, & Tara Mikkilineni—as they launch an enforcement project focused on the weaponization of corporate power that is plunging working people into financial crisis.💫 https://t.co/7jsZ6lazeD