Dan Frosch

speaker

29 appearances 2 recordings 1 series first heard Aug 2025 last heard 16 Jul

Dan Frosch’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

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WSJ What’s News · The Trump Administration’s Latest Crackdown on Legal Immigration · 16 Jul 2026 podcast

We know that consumers are taking on more debt.

And some consumers are struggling with that debt.

Americans are clearly still struggling with inflation, with elevated prices.

And what we see here with the lawsuits is sort of a lagging indicator.

So it's certainly possible for these banks to say, hey, we're not having any issue with delinquencies.

And that may reflect this particular moment right now, but it's not going to reflect sort of what's happened in the last few years.

Almost always this debt is for under about $4,000.

And oftentimes the outcome is that folks will see a default judgment against them, either because they don't know how to navigate the courts or they just simply don't respond.

You can have your wages garnished.

You can have a lien put on your home.

You can have assets seized if you are not able to succeed in fighting these lawsuits.

WSJ What’s News · Why Earning More Isn’t Saving Some American Families From Poverty · 5 Aug 2025 podcast

You had this confluence of factors subsequent to us coming out of the pandemic, that being the end to these temporary assistance programs, coupled with inflation and rising housing costs that have created this storm of economic factors that are pushing people to the edge.

Most recently, we have factors such as inflation, which impacted both housing and also food prices.

We do know that lower income folks typically are spending a greater share of their earnings on food and sometimes housing as well, that impacted some of these families who are really right above the poverty line, but still struggling.

And then the other thing is that during the pandemic, the federal government dispersed

an unprecedented amount of aid to address the really sort of unusual circumstances that people were facing.

So food benefits, housing assistance, unemployment assistance, all dispersed for a very short period of time during the pandemic.

And during that time, that helped folks, but it's all gone away.

So you had this storm of economic factors that are pushing people to the edge.

Life for them is a constant grind of trying to figure out how to live paycheck to paycheck.

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