By Ben Shimkus
Publication Date: 2025-12-01 01:48:00
The “Oracle of Wall Street” that predicted the 2008 housing crash says no one is talking about a gigantic financial bubble about to burst.
Last week, investors gritted their teeth over the potential risks associated with jumping into AI stocks. send the markets into dizzying fluctuations just a month after record-breaking highs.
But famed financial analyst Meredith Whitney told the Daily Mail she’s watching another pressure point: the 42.7 million Americans with student debt, or a group she calls “avocado toasters.”
Whitney described the group as younger Millennials and older Gen Zers. You’re one of those people who loves treating themselves to an expensive salad and a latte macchiato for lunch.
She argued that when D.C. froze federal student loan payments during the COVID-19 crisis, unlocking an estimated $400 billion for borrowers over nearly five years, it created an illusion of spending.
The companies predict growth as these consumers continue to spend while the government phases out loan obligations above $200 per month.
