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Now, the last point I talked about how even guests are going into debt to attend weddings. So this comes from a recent survey from LendingTree. They found that 40% of people who've gone to weddings in the past five years have gone into debt to be there. It also jumps to 62% if someone was a part of a bridal party. So much goes into this, right? Bachelorette parties, bachelor parties, all of that.

As that extra pandemic cash dwindles, household debt rises and delinquency rates on credit cards and auto loans creep back up. Suzy, I'll start with you. Ms. Stewart of Vox was saying that consumers are reaching breaking point. What's your take on where consumers are at the moment with regards to the article she wrote and then the Economist piece and the Axios piece that I also sent you?

I feel like that is indicative that maybe consumers are really willing to take on debt, because that's the way that they can make those big purchases, but I don't know. That's jumping a few steps to make that conclusion. So who could say? Sarah Marzano (02:27):. Did you guys see the Chase and Marriott Travel Now, Pay Later launch? We're going to be able to do this everywhere. Sara Lebow (02:34):.

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If you're at the bank, we're usually advertising a mortgage rate, a savings account, a checking account. So that's good advertising space. And then once you're waiting for something to happen, the cash to come out or the shutter to open to take your deposit, another 20 seconds of advertising space where you're eyeballs are absolutely locked on that screen.

And it knows based on my past searches that maybe I am somebody who earns over a certain income threshold, but maybe I have a lot of debt and maybe I have lots of expenses. And so it decides that the thing that I'm most likely to click on or most likely to buy is one thing.

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So I think signs of deflation are promising, but of course, it'll take a hot minute for consumers to feel comfortable loosening their purse strings, especially if they have any lingering debt that was accumulated over the past year. Marcus Johnson:. Stephanie? Stephanie Taglianetti:.

You can always mortgage your house, but those rates are going up as well, so probably not a good idea. Ross Benes:. I think most kids would rather buy a new PlayStation. Ethan Cramer-Flood:. Gen Z doesn't have any houses to mortgage. Marcus Johnson:.

Verisk Marketing Solutions enriches the consumer data for many of the top insurance carriers, mortgage lenders, banks, and media and ad tech platforms in the US, With the latest identities, attributes, permissions, and market behaviors, you can confidently acquire, retain, and grow your ideal customers. Visit marketing.verisk.com for more information. Evelyn Mitchell-Wolf:.

And that's the other side of the split screen in terms of the government stepped in and they made sure that those customers got their money, but had they not, the effect would've been on payroll, means workers not getting paychecks, which means covering rent, mortgage payments, groceries, things like that. Especially troublesome for startups.