Debt Credit

Americans Have More Debt Than Ever – and It Is Creating an Economic trap

Americans have more debt than ever — and it’s creating an economic trap BY: Pedro Nicolaci da Costa of Business Insider –Direct Link to Article October 22, 2017 An International Monetary Fund report finds that high levels of household debt deepen and prolong recessions. US household debt is at pre-Great Recession levels. Household debt jumped by over $500 billion in the second quarter to $12.84 trillion. A scary little...