The State of the American Debt Slaves, Q4 2018

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot. It’s a tough job, but someone’s got to do it: Propping up the massive US economy. And consumers are doing …

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Where the Debt Slaves Are the Most Vulnerable

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I’m shedding a different light on consumer debt. This type of chart is trotted out constantly these days to show that American households are in fabulous shape when it comes to their ability to service their blistering …

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The State of the American Debt Slaves

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It was one gigantic party. But wait… Total consumer credit rose 5.4% in the fourth quarter, year over year, to a record $3.84 trillion not seasonally adjusted, according to the Federal Reserve. This includes credit-card debt, auto …

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