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Consumers had been focusing on paying down their debt, but the latest debt data suggests the...

  • Monday, May 7, 2012, 5:58 PM ET
    Consumers had been focusing on paying down their debt, but the latest debt data suggests the household deleveraging process may be winding down after consumer credit surged $21.4B in March, the biggest jump since Nov. 2001 in both dollar and percentage terms. Higher-than-expected student loans and credit card use accounted for the March jump.
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    This is more than offset by the deleveraging still taking place in the mortgage market, a market over 6x the size of revolving and nonrevolving credit.

    Gotta put it in perspective.
    7 May 2012, 06:02 PM Reply Like
  •  
    May be winding down? Q1 sub prime loans rose 23%. We are back in the pattern of those least able to pay are being targeted....especially students. What 21 yr old can handle a school that costs $50,000 yr much less pay back the debt?
    7 May 2012, 06:03 PM Reply Like
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