One possible explanation is the Big Money assumes they (not necessarily you, of course) will always be bailed out if there's a crash, so why worry their pretty little brains about it.
These people won't be bailed out, but their creditors likely will be!
The strain from this increasing debt load is starting to show, with the percentage of after-tax income that households spend paying down debt ticking up since early 2025, according to Federal Reserve data.Banks say they are not seeing signs of serious distress. Jamie Dimon, chief executive of JPMorgan, said late last month that consumer borrowing habits looked “fundamentally healthy.”But across all consumer debts, the share that is delinquent rose to 4.8 percent, the highest tally since 2017. For the first time in more than a decade, the national average credit score dipped last year, according to data from Experian, one of the three major U.S. credit bureaus.