Let's check on that "Golden Age"... "Debt collection lawsuits are rising in U.S. states." Oh.
Debt collection lawsuits have risen in the U.S. since the COVID-19 pandemic ended as a global health emergency in May 2023. Research shows Black and Hispanic borrowers are more likely than white and Asian borrowers to have a court judgment against them in debt collection cases.
Borrowers past due on their debts may face a variety of collection actions from lenders, including phone calls, mailings and lawsuits. Debt collection lawsuits can be particularly burdensome to individual borrowers facing well-heeled financial institutions or third-party debt buyers.
Among potential causes, researchers point to the phaseout after the pandemic of federal and corporate efforts to ease debt collection.
Medical debt remains a top form of consumer debt.
https://journalistsresource.org/economics/debt-collection-lawsuits/