Americans Are Getting Behind On Their Debts At A Very Frightening Pace

Americans Are Getting Behind On Their Debts At A Very Frightening Pace Authored by Michael Snyder via The Economic Collapse blog, U.S. households are now 18.79 trillion dollars in debt. In 1980, U.S. households were just 1.4 trillion dollars in debt. Over the past several decades we have witnessed a household debt binge that is unlike anything that we have ever witnessed in our entire history. But if consumers could handle that debt load, there wouldn’t be such a high level of c...

By Tyler Durden