I think its fair to say at this point most debt is distressed. With rising inflation and rising interest rates we are looking at the perfect storm?

I mean not only because inflation makes everything more expensive, and there will be less money to pay off debt, unless people make changes, which they can. But asset prices will also deflate, so that amount of money and assets that people and companies think they have, they dont which will make it even harder to pay off debt.

By the way i could be biased because i never really had any debt in my life. I dont live as lavishly as others who are in lots of debt, but still.