consumer debt Archives - munKNEE.com
Thursday , 21 January 2021

Tag Archives: consumer debt

The American Way: Living “The” Lie (+4K Views)

Appearances are all that seem to matter in our society today. Dying in debt will be common place in the coming years. Fully 21% of Americans say they don’t think they will be able to pay off their debts — including their car, credit cards, student loans and mortgages — in their lifetime. Our debt addict society is dying of an overdose.

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What Could Dropping Consumer Debt Mean for the S&P 500?

In the third quarter 2007 the American consumer was way out of shape when it came to the percentage of debt payments to disposable income, hitting a 30-year high at 14%... Today the ratio is nearing 30-year lows! Could this be good news for the markets???

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U.S.A.: United States of Addiction – Our Insatiable Appetite for Debt (3K Views)

16 point 7 trillion dollars. That is our current national debt. 12 point 8 trillion dollars. That is the amount households carry in mortgage and consumer debt. We are now addicted to debt to lubricate the wheels of our financial system. There is nothing wrong with debt per se, but it is safe to say that too much debt relative to how much revenue is being produced is a sign of economic problems. At the core of our current financial mess is how we use debt as a parachute for any problem. [Unfortunately,] addictions are never easily cured and we have yet to come to terms with our insatiable appetite for debt. Words: 850

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Lack of Economic Growth Expected to Continue Until 1 of 2 Things Change – Here They Are (+2K Views)

Saving rates continue to fall. As full-time employment remains elusive, the average American continues to resort to debt, and governmental support, to fill the gap between waning real incomes and their expected standard of living....[This] will continue to impede economic growth until such time as either debt returns to levels that are conducive for higher levels of personal savings or incomes rise. [Words: 1322; Charts: 7]

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Robert Reich: This Economic 'Recovery' is Nothing But a Mirage

What happens when the stimulus is over and the Fed begins to tighten again? Where will demand come from to get Main Street back, create jobs, raise middle class wages? Not from big businesses. Certainly not from Wall Street. Not from exports. Not from government. So, where? That question is the big unknown hanging over the U.S. economy. Until there’s an answer, an economic “recovery” for anyone other than big corporations, Wall Street, and the wealthy is a mirage. Words: 1279

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