🧩 The actual situation (by category) 1) Auto loans & negative equity ~ 29% of trade-ins have negative equity Average negative equity: ~$7,200 (many >$10k) Total auto debt: ~$1.65–1.67 trillion What it means: People are rolling old debt into new loans → “permanent car payments” This is a cash flow trap , not a banking crisis (yet) It reduces future consumption because income is already committed 👉 Risk level: Moderate, but corrosive over time 2) Mortgage stress (FHA / lower-income borrowers) Overall mortgage delinquency still relatively low (~1–4%) BUT: Sharp rise in lower-income / FHA borrowers FHA delinquency rates materially higher than conventional loans rising delinquency rates concentration in financially weaker households What it means: This is not 2008 (no widespread housing collapse) It is a stress signal at the margin , especially for first-time buyers 👉 Risk level: Contained, but a leading indicator 3) Stu...
If you’ve noticed more dental offices stepping away from insurance networks, you’re not imagining it. Across the country, dentists are re-evaluating their participation with insurance plans—and in many cases, choosing to go out-of-network altogether. At the center of this shift is a simple reality: the cost of delivering care is rising faster than what insurance companies are willing to pay. Let’s break down what’s driving this trend and what it means moving forward. The Squeeze: Rising Costs vs. Flat Reimbursements Running a dental practice in 2025 looks very different than it did even a few years ago. Dental equipment and materials are up approximately 6% Wages are rising faster than inflation , especially for hygienists and dental assistants Overhead costs—from rent to technology—continue to climb At the same time, insurance reimbursement rates have remained largely unchanged . This creates a growing gap: The cost to provide care is increasing… but the amount dentists are p...