I accept that, but what interests me is the increase in the...

I accept that, but what interests me is the increase in the defaults / slowing down of payments of outstanding balances (as per the Discovery video from gve).

Their incomes might still keep elevated but if this is offset by their losses, and this is increasing going forward this highlights that the economy is not that great. We are being told that everything is happy happy joy joy, yet an increase in these defaults is contrary to the MM narrative.