Look Out Below! Bottom Half Of US Households Burying Themselves In Debt, Again

By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt.

The data shows the rise in median expenditures has outpaced before-tax income for the lower 40 percent of earners in the five years to mid-2017 while the upper half has increased its financial cushion, deepening income disparities.

 

https://www.reuters.com/article/us-usa-economy-consumers-insight/mortgage-groupon-and-card-debt-how-the-bottom-half-bolsters-u-s-economy-idUSKBN1KD0EM

 

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