US Consumers on Pace to Pay Down Debt in…138 Years?

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US households are paying back their debts at a glacial pace reports the Federal Reserve. Household debt peaked at $13.9 trillion in 2008 (with a “T”). Amidst all the deleveraging and pain of the last 18 months, total debt has inched down just a hair, to $13.8 trillion. At this rate, the US consumer will […]

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