Saturday, December 01, 2018 12:58:14 PM
12/1 Tick-tock..."American debt is set to hit $4trillion"
https://www.cnbc.com/2018/11/29/american-debt-is-set-to-hit-4-trillion-and-this-expert-isnt-worried.html
In the first nine months of 2018, Americans had a cumulative $3.93 trillion in debt, excluding mortgages, with $1 trillion of that from credit cards and $2.93 trillion from other sources such as student loans and auto loans. With holiday shopping underway, Americans' credit card bills are set to increase by at least 5 percent, according to mortgage site LendingTree. That $600 million or so in extra spending is likely to bring consumer debt to a new high of $4 trillion.
BASICALLY, OF THE 4 TRILLION DEBT AMERICANS ACCUMULATED ...DEBT JUMPED A FULL $1TRILLION IN DEBT OVER THE LAST 2 YRS.
https://www.cnbc.com/2018/11/29/american-debt-is-set-to-hit-4-trillion-and-this-expert-isnt-worried.html
In the first nine months of 2018, Americans had a cumulative $3.93 trillion in debt, excluding mortgages, with $1 trillion of that from credit cards and $2.93 trillion from other sources such as student loans and auto loans. With holiday shopping underway, Americans' credit card bills are set to increase by at least 5 percent, according to mortgage site LendingTree. That $600 million or so in extra spending is likely to bring consumer debt to a new high of $4 trillion.
BASICALLY, OF THE 4 TRILLION DEBT AMERICANS ACCUMULATED ...DEBT JUMPED A FULL $1TRILLION IN DEBT OVER THE LAST 2 YRS.
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