US Household Debt Just Hit a Record High – Swamponomics

For months, the business news networks have been shouting to the heavens that the US consumer is strong. All they need to do is look at US retail sales to confirm this notion! But the latest reports on consumer debt show any sane person it is anything but normal, especially considering how high interest rates are in this economic landscape. So, while all the focus is on the US government’s debt and deficits, consumers are drowning in red ink, too.

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