U.S. Household Debt- Not a pretty picture at all

Discussion in 'Economics' started by vanzandt, Feb 22, 2017.

  1. Another coin, Heads:

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    Tails:

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    #21     Feb 27, 2017
    murray t turtle likes this.
  2. prc117f

    prc117f

    Well the only thing keeping our economy running right now is people having to borrow money to make up the difference. We have made huge productivity increases but none of the increased margins/profits gets passed down to the workers. So we are producing much more yet paying much less and only debt can keep things going.
     
    #22     Feb 27, 2017
  3. Sig

    Sig

    Perhaps you ought to read the thread? That's pretty definitively not the case as demonstrated by the data presented. You have data to back up your assertion or is that just your expert opinion?
     
    #23     Feb 27, 2017
  4. 777

    777

    Side note:

    The wealth of the top one quarter of one percent of the population is roughly equal to that of the bottom 90 percent.
     
    #24     Nov 13, 2017
    comagnum likes this.