They Never Learn: Consumer Debt Up 45% From Pre-Crisis Peak!

The chart below shows the progression of consumer debt since 2006 (not seasonally adjusted). Note the slight dip after the Financial Crisis, as consumers deleveraged – with much of the deleveraging being accomplished by defaulting on those debts. But it didn’t last long. And consumer debt has surged since. It’s now 45% higher than it had been in Q4 2008. Food for thought: Over the period, the consumer price index increased 17.5%.....

 

 

https://wolfstreet.com/2018/02/08/the-state-of-the-american-debt-slaves/

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