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the 2015 debt statistics are in:
Meanwhile, wages for the most part, remain stagnant. Most likely meaning people are using cc debt to make ends meet. It also means tough times ahead for college grads.
But wait!! Can this be in some ways a good thing for the economy?
Or are we headed for an unsustainable situation.
http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/
U.S. household consumer debt profile:
•Average credit card debt: $15,863
•Average mortgage debt: $156,584
•Average student loan debt: $33,090
Meanwhile, wages for the most part, remain stagnant. Most likely meaning people are using cc debt to make ends meet. It also means tough times ahead for college grads.
But wait!! Can this be in some ways a good thing for the economy?
higher consumer spending puts the economy on a positive track. Higher spending leads to more jobs and higher incomes, which in turn lead to higher spending.
Or are we headed for an unsustainable situation.
http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/
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