Here are consumer debt statistics on almost every type of debt including:
- student loan and credit card debt
- credit card usage and delinquency rates
- housing and auto loans
Higher average credit scores and higher debt, offer reasons for both optimism and caution heading into 2019. A decade since the Great Recession crashed into the American economy; our relationship with debt, credit and the future is… well, it’s complicated.
You are about to see that Ameria is drowning in debt right now. Credit card debt is at an all-time high. Student loan debt is at an all-time high. When is this bubble going to burst?
Here’s a summary of debt statistics all inside this easy to read infographic.
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President Trump cut taxes, hoping that American businesses would hire and the economy would thrive.
Will the job market thrive, helping to bring in more taxes because more consumers are getting hired and have jobs, leading to this record amount of debt getting lowered?
Or will cutting taxes only lead to more debt?
Let us know what you think in the comments section below!