Thursday, September 10, 2015

US credit card debt is back near unsustainable levels

The Business Insider reports:
CardHub, a financial website that monitors credit card debt, says credit card debt levels in the US are on pace to increase by another $60 billion by the end of 2015. According to CardHub, such an increase would bring total US credit card debt to just shy of $900 billion, which is the level that at which it becomes unsustainable.

Yet, we hear from Strongman Obama that the economy is on a "sounder footing" since 2009.