U.S. Household Debt: A Frightening Picture [View article]
It wasn't meant to be a complete analysis per se, just a quick "hey look at this" a complete analysis would have to include net worth, wealth distribution, debt distribution, note the rate of increase of debt vs. wealth, etc, etc.
However the fact that in the last 8 years total household debt has increased by 50% can't be a good thing in my opinion, especially when you consider that debt is more of a problem for the bottom 90-95% than the top 5-10%.
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It wasn't meant to be a complete analysis per se, just a quick "hey look at this" a complete analysis would have to include net worth, wealth distribution, debt distribution, note the rate of increase of debt vs. wealth, etc, etc.
Aug 26 14:23 pm
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All Comments by Markham Lee_ »U.S. Household Debt: A Frightening Picture [View article]
However the fact that in the last 8 years total household debt has increased by 50% can't be a good thing in my opinion, especially when you consider that debt is more of a problem for the bottom 90-95% than the top 5-10%.
-M