Truthdig - Tag - Consumer Debt

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Tag: Consumer Debt

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One in Five Americans Is Jobless or Underemployed

Economics reporter David Cay Johnston takes an accounting of American wages, personal debt, national income from manufactured exports and tax revenue both today and 10 years ago, and concludes the U.S. needs a new set of fiscal policies.

Posted on Jun 22, 2012 READ MORE

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Spike in Consumer Spending Spells Danger

Consumer borrowing shot up $15.5 billion in June—three times more than projected—in the biggest increase in credit in four years, with credit card and other types of revolving debt rising by $5.21 billion—the largest jump since spring of 2008. (more)