"U.S. household debt reached a new record of $18.8 trillion in the fourth quarter of 2025, driven by rising mortgage, credit card, and auto loan balances. This surge, up $191 billion from the previous quarter, highlights growing financial stress, with the aggregate delinquency rate reaching 4.8%, the highest level in nearly a decade."
Who said "I am the King of debt"?.
It certainly wasn't Biden.