Are We Repeating the Roaring Twenties? America's Consumer Debt Crisis
Are Americans borrowing their way toward another major economic correction?
In this episode of The CFS Review, John Warren compares the extraordinary prosperity and financial speculation of the Roaring Twenties with the economic conditions of 2026.
A century ago, automobiles, electrification, installment credit, and stock market speculation transformed American life. Today, artificial intelligence, soaring consumer debt, technology-stock valuations, online gambling, and prediction markets raise some surprisingly similar concerns.
John examines:
The dramatic growth in consumer debt since 1980
Why borrowing against future earnings can become dangerous
The parallels between the 1920s and today's economy
Stock market speculation and concerns about technology valuations
The expansion of online gambling and prediction markets
The potential consequences of protectionist economic policies
Practical considerations for families, businesses, nonprofits, and Christian ministries facing financial uncertainty
Is another Great Depression inevitable? No. But understanding history may help us recognize financial vulnerabilities before they become personal or organizational crises.
The central challenge is learning to distinguish genuine prosperity from prosperity financed by excessive borrowing.
Learn more:
CFS Financial: https://cfsfinancial.net
The CFS Review: https://thecfsreview.com
Email: jwarren@cfsfinancial.net
Subscribe to The CFS Review for thoughtful discussions of business, finance, leadership, and the economic issues shaping our future.
#ConsumerDebt #RoaringTwenties #Economy2026 #PersonalFinance #FinancialLiteracy #TheCFSReview