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Staggering Consumer Debt Nearing Recession Levels

 · Canada’s household debt burden hits record. mortgage debt increased 1.6 per cent to $1.36-trillion, while consumer credit grew 2.4 per cent to $609.6-billion. The household debt service ratio, the total obligated payments of principal and interest as a proportion of household disposable income, was flat at 14.2 per cent in the second quarter.

The consumer surplus created by free trade has been staggering. to debt at excellent terms. But it remains to be seen.

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Because the economy is likely nearing the end of an expansionary period, the relevant question to ask is: What will be the consequences of a new recession? Likewise, suppose schools continue to increase seats at the historical level of 2 percent per year, or new veterinary colleges are opened. What,

While total bankruptcy petitions nationwide by consumers and businesses are still well below Great Recession levels.

Staggering Consumer Debt Nearing recession levels. june 17, 2019 – 11:42 AM.. The loyalty of iPhone owners in the upgrade cycle has fallen to its lowest levels since 2011, benefiting Samsung, new survey data suggests. More.

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A recession means falling gross domestic product, and U.S. GDP is 68 percent consumer spending, so if the average American consumer is doing well, GDP is not likely to fall, at least in the near.

The federal government’s little-known pension heist Jerry Brown introduced a novel plan to make an early, super-sized payment on the state’s public pension obligations by borrowing from a little-known government account. as a lower rate tied to the.

"This is a question that people really need to pay attention to: I am saying, based on 30 years of public service, that the crisis we face right now along the Southwest border is actually the worst we’ve ever experienced in our history – the worst," Morgan told Tucker Carlson.

Consumer Financial Protection Bureau, where I lead the Bureau’s Office f or Students and Young Consumers. Staggering growth in student debt . At this point, you have probably heard the numbers, but I think they are worth repeating. As I sit before you today, more than 44 million consumers across the country collectively owe over $1.4

The median housing debt is $93,700, and almost 50% carry credit card debt of $2,500. Age 45 to 54. The middle-age trends remain steady, though fewer hold student loan debt. Most entered the workforce before the Great Recession did not have to depend on financing as.

Just to reiterate, every kind of debt in the U.S. is at a record high. The U.S. is likely in the very. The nation’s federal debt is projected to rise to "unprecedented levels" over the next 30 years, according to the latest projections from the Congressional Budget Office (CBO).