Millions of people in the USA are facing impossible levels of personal debt, rising
credit card debt delinquencies, utility shutoffs, foreclosures and homelessness. Revolving household debt has soared since 2006. Consumers falling behind the cost of living who could no longer tap into their home equity have turned to credit cards which is a much more expensive form of credit. Today revolving debt is estimated to be over $970 billion, with average credit card debt per household now $10,678 w...
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