08/05/17

Debt Apocalypse: US Student and Auto Loans Hit New Record of $2.6 Trillion. [feedly]



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Debt Apocalypse: US Student and Auto Loans Hit New Record of $2.6 Trillion.
// Silver For The People

mybudget360.com / 05/07/2017

American consumers are once again spending beyond their means.  Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt outstanding.  That seemed astonishing in itself but now looking at debt levels in other sectors we find thatauto loans outstanding are also over $1 trillion.  Keep in mind this is for an item that will lose value once it is taken off the lot.  You also have student debt over $1.4 trillion which is ....

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