Here’s one of the final readings on the U.S. economy under Biden. Both credit card debt and delinquencies rose in 2024. You can see that the credit card debt started to surge after Biden came into office and has stayed elevated ever since.

The explanation here is pretty straightforward: incomes for about half of Americans fell behind the rate of inflation and so to keep up their normal buying habits, middle and low-income families had to borrow more.

Yet, the left’s false narrative is that Biden is leaving behind a healthy economy. Uh-huh.