Tag Archives: consumer debt

Good on ya! Consumers continue to pay off debt

by Hans Eisenbeis WHAT’S HAPPENING Declines in consumer debt during the Great Recession (and ersatz recovery) have been accelerated by foreclosures because a mortgage is a big piece of debt that no longer burdens an evicted homeowner. But a November 2010 report by the Fed shows that unsecured, revolving credit debt — that is, primarily […]

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