Friday, August 19, 2016

'Toontime: The New Debtor's Prison

credit: Jeff Stahler 
BC Idonwanna sez:  White man make slaves of everyone!
Consumer debt is now at an all-time post-war high as a percent of GDP. Non-mortgage debt is rising after the burst of the last economic bubble and non-mortgage debt that includes credit cards, medical bills, student loans and auto loans is also going up. The average credit card debt per household that owes is $16,000.  They also owe $27,000 for auto loans, and $169,000 for mortgages.  This chart shows the rise of the new debtor class: