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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:
