Middle class shackled by banking debt chains. 113 million households each owe...
The middle class has been systematically shackled by large amounts of debt, banking debt to be exact in a new form of financial serfdom. Much of this started in the early 1970s on par with the...
View ArticleDeleveraging from one bubble to another – $6.2 trillion in mortgage debt was...
There is some interesting data on the deleveraging that is occurring with the American household. Since the peak in Q3 of 2008, US households have lowered their outstanding debt by $1.3 trillion. It...
View ArticleHousehold debt first increase in 4 years largely driven by massive increases...
In a recent post we discussed how personal income growth is having tough go at the current economy. However, with incomes largely stuck in the quicksand of a mediocre economy for the working class,...
View ArticleWelcome back debt! Total household debt rose by $63 billion last quarter...
The appetite for debt is now back in a furious way. Total household debt was up $63 billion last quarter driven largely by auto loans. Auto loans increased by $32 billion and the amount of auto debt...
View ArticleThe debt spending binge: Household debt has surpassed record levels reached...
Debt spending is once again keeping the economy afloat. People are leveraging future income on buying items today on the basis that the economy is not going to have a hiccup. On some reports you see...
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