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Economic News, Data and Analysis

Consumer Debt at $2 Trillion

Well, this can’t be very good…

U.S. Consumer Debt Grows at Alarming Rate (washingtonpost.com)
According to the latest figures from the Federal Reserve, America’s consumer debt has topped $2 trillion for the first time, continuing what debt experts view as an alarming surge in recent years.

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Filed under: Economics

2 Responses - Comments are closed.

  1. Consumer Debt At All Time High

    John Irons over at ArgMax is concerned about the rise in consumer debt: ArgMax Economics Weblog: Consumer Debt at $2 Trillion Well, this can’t be very good… He cites this WaPo article. John’s a very good economist, but I think…

  2. the Saddle says:

    Consumer Debt at 2 trillion

    John Irons of ArgMax thinks this is not good. I would have to agree… Washington Post U.S. Consumer Debt Grows at Alarming Rate Debt Burden Will Intensify When Interest Rates Rise By William Branigin Washington Post Staff Writer Monday, January…

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