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The Rise of Consumer Debt

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Uploaded by on May 26, 2008

http://consumer-debt-relief.com

Consumer debt in the United States alone has surpassed Two Trillion Dollars, double what it was just 10 years ago. A natural consequence is that a record 2+ million personal and non-business bankruptcy cases were filed in the United States in 2005. Understanding consumer debt and how debt levels compare across different income levels and demographic groups is very important.

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News & Politics

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  • I don't believe one word these so called "economic experts" say. At 2:00 minutes one says its not a big deal. Notice the video was posted in May 2008 right at the start of the recession. No big deal, eh!

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