[Toddsterpatriot]

Thanks for the link. I didn't find that claim in the PDF. I did see that consumer debt was $11.5 trillion in 2005. That's less than $4000 per person. Makes this...

When 90%+ of our citizenry carries $20k in consumer debt, spread across two credit cards, makes a house payment, two car payments, and is using credit to put one youngster in school, the outcome can NOT be good.

...sound vastly overstated

[hiredhand]

I’m not so sure it was in that PDF. It’s possibly in the material that we have from attending the classes. I’ll look through it and see if I can find it. I’m “fairly” certain that the numbers are right.

[CutePuppy]

Are you sure it's under $4,000, not under $40,000? And that's counting all, including toddlers and teenagers who don't yet have accumulated the "consumer" debt themselves, but nonetheless likely have contributed to their parents doing it.

Numbers are all over on this, but I thought that total US "consumer" debt, including about $1T in total credit card debt but not including mortgages, was approximately $2.5T (according to www.creditcards.com) which on average would make it under $9K per person?