Zeev's Turnips Patch-No Politics (ZEEV)

[westpacific]

Consumer DEBT EXPLOSION. UNREAL, what are folks thinking.....

In the second quarter of 2003, household debt increased at an 11.5 percent annual rate, the largest increase in 15 years, according to the Federal Reserve. Total household debt is now nearly $9 trillion and has gown by over 50 percent from 5 years ago. Debt service payments have been steadily growing over the past 10 years (see graph)