I think the graph that Calculated Risk put together shows what the biggest challenge is right now.
JOBSThere are other reasons that people fall behind on their payments, but the biggest reason and therefore the thing that our elected officials should be the most concerned about is jobs. If people are making a decent living the majority of them will be able to make their payments. If they are getting laid off by the thousands and thousands every week, many of them aren’t going to be able to make their payments.
It’s all about JOBS and what is our government arguing about lately?