Aug 11, 2026National delinquencies reached a Great Recession-level high. Plus: HELOCs, China’s tech innovation, small business hiring, and little treats.
Mario Tama/Getty ImagesSegments From This EpisodeIsaiah Vazquez/Getty Images“I think people are trying to figure out exactly why that sort of economic behavior is happening because it seems strange,” said Kyla Scanlon. “But in my opinion, I think all of these things are rational.”
Joseph Kelly/Getty ImagesAs interest rates on other forms of borrowing grow, HELOCs have become increasingly popular among homeowners with high credit scores.
Anna Barclay/Getty ImagesNew delinquencies have largely stabilized after a big spike a couple of years ago, but lots of people are still carrying around old credit card debt they fell behind on.
Jade Gao/AFP via Getty ImagesEvan Osnos, staff writer at The New Yorker, spent 10 days in Beijing to report on China’s rapid progress and what it means for U.S. standing in the world economic order.
