Thursday 8 August 2019

US Consumer Debt - Sea Change..................from Rico

There has been a subtle shift...a US Consumer debt over the past 30 years, and to those trying to stay afloat and not to sink under increasing DEBT it's understandable many were to busy dog-paddling to either notice or care.
Americans now owe more on credit cards, auto loans & student loans than they owe on home mortgages.
- While a home is an appreciating asset, installment/revolving debt is not.
Any 'interruption' in the consumer's income stream is gonna 'leave a mark.'

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