- Feb 22, 2017
- 113,941
- 40,441
- 2,290
We the people do the same thing the country does...spend money we do not have.
More shoppers plan to take out loan to finance the holidays
One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.
A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.
Americans are way more in debt now than they were after the financial crisis - HousingWire
American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.
We are so screwed come the next recession.
More shoppers plan to take out loan to finance the holidays
One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.
A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.
Americans are way more in debt now than they were after the financial crisis - HousingWire
American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.
We are so screwed come the next recession.