listen to this podcast Us Debt Consolidation Statistics
The barometer that is one of the best ways, or at least used to be one of the best methods for checking on the condition of the nation, is at a low point indeed. From the pencil-pushers at the Federal maintain the expected news and reports that came from this lofty-organization recently indicated that the total number of consumer debt superior remained fairly steady in 2009.
Us Debt Consolidation Statistics
Judgment Day
In case any of you prestige card owning and using citizens are wondering what the total number of consumer debt in the United States stands at, we are happy to forewarn you that it is nearly .7 trillion dollars. Maybe we are not that happy to tell you this description and possibly these numbers, although quite large and foreboding, as they dictate that the state of the Us consumer debt is at a near description high. This information, that is largely-based on the most recent Us Census statistics, works out to be nearly ,100 in debt for every man, woman and child that lives here in the United States of America.
Knee-Jerk Reaction
Please be wary of the common knee-jerk reaction and false-belief that these numbers and statistics can give as this is not good at all for anyone. Need proof other than the large-numbers in the description and statistics? Just please keep in mind that we are talking about consumer prestige - which does not consist of debt secured by real estate transactions. With that number taken into observation the sobering facts are apparent and are empirically tested and defined by every consumer debt description ever artificial in the United States.
Consumer Debt Statistics
We are here to description to you the news in its truest form and for the most part in regards to the economy of the Us it is bad news all-around. How does that debt breakdown in terms of prestige cards and /or the buy of a new car or truck? It can be seen straight through a percentage look-in that's how. Since practically 36% of all consumer debt, as of November 2009, is what is termed as revolving credit, this all the time negatively impacts any description on overall consumer debt statistics in the Us.
Garden Variety
To give you a part on what is the garden-variety of revolving credit, we only have to look at the Evil Empire and the rise of prestige card debt. The other 64% of Us consumer debt is attributed and comes from loans that are not revolving in nature. Automobile loans, trainee loans, and loans on boats, trailers and vacations are all part of this type of debt in America today.
Debt Consolidation Resources
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