"Although ownership rates among Latinos and lower income households lag those of white and upper incomes by 25 pps, they are the only two that have risen since 2004."

Consider "Total debt" in context! Look at the other side of the ledger page, e.g., the ability to service the debt:

Via Stlouisfed

Household Debt Service Payments as a Percent of Disposable Personal Income.
fred.stlouisfed.org/graph/?g=16jnQ

Always look for the full context! You must understand the data set in question and recognize that a big number out of context is inherently misleading.

It's easy to get fooled if you don't. I have a few chapters about this in "How NOT to Invest"

bsky.app/profile/rith...

Mick Fleetwood's drumming on "Dreams" is only an eight-bar tape-loop!

Love this cover!

youtu.be/V1LhC1zGouc?...