So whilst working on a project I compiled some stats on just how much debt Americans are using. Thought you'd find the charts interesting and greatly depressing at the same time;
Yes, for the savings rate they don't include retirement plan contributions, but with household and consumer debt, I think you're confusing that with the funnery that the federal government has with government debt. Regardless, there is a definite trend upward in the amount of debt individual people have relative to the economy.
We're hosed.
ReplyDeleteHey Pedro,
ReplyDeleteYes, for the savings rate they don't include retirement plan contributions, but with household and consumer debt, I think you're confusing that with the funnery that the federal government has with government debt. Regardless, there is a definite trend upward in the amount of debt individual people have relative to the economy.