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Is Consumer Debt Good? CNBC

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Uploaded by on May 29, 2007

Center for American Progress Senior Fellow Dr Christian Weller joined CNBC to discuss the impact on rising onsumer debt and the impact on the US economy. 5/29/07

For more on debt please see: http://www.americanprogress.org/issues/domestic/debt

What if 40 hours a week were enough?
www.AMERICANPROGRESS.org

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  • It may be good for the economy, but not for the individual. That's why I choose to live debt free.

  • Consumer debt is great for the economy - the more indebted people are the less likely they are to quit their jobs, and the more fearful they are of loosing their jobs, and the harder employers can work them without paying them extra. Can only work for so long though.

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  • its bad if the employer cant afford to keep you your gone whether you like it or not know no can live

  • The debt has been taken to extreme and now borders on dangerous.

  • i hate vortexes

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