[JerseyHighlander]

http://www.smartmoney.com/mag/index.cfm?story=august2007-debt&afl=myyahoo

I found one section of the article particularly troubling ...
“According to the Federal Reserve, U.S. consumer debt has reached $2.43 trillion, or about $21,900 per household, a number that has nearly doubled over the past decade — and doesn’t include $10 trillion in mortgage debt. Looked at another way, consumer debt today equals 132% of the average household’s annual disposable income.”

I am under 30, grew up in a household where outside of using credit cards for big purchases for the added credit card consumer protection security, there was rarely any CC debt outside a short period of the Bush the elder mini-recession.

I have almost no debt now, I can’t comprehend the numbers being reported.

[Toddsterpatriot]

“According to the Federal Reserve, U.S. consumer debt has reached $2.43 trillion, or about $21,900 per household, a number that has nearly doubled over the past decade — and doesn’t include $10 trillion in mortgage debt. Looked at another way, consumer debt today equals 132% of the average household’s annual disposable income.”

Doesn't add up.

[EVO X]

http://www.federalreserve.gov/releases/G19/Current/