American are in debt more than $44,000 averagely
December 24, 2010 | In: Finance
USA is a country customed with consuming.Not only the Gov in deep debt,the people are in debt more than $44,000 as well.More than half of the American worry abou it.
Survey shows the average credit card debt owed by Americans is 3900 U.S. dollars, lower than the fall of 5600 U.S. dollars last year and this year’s spring 4900 U.S. dollars.
The Fed said the pace of Americans to reduce their debt is the fastest since the end of World War II.Household debt fell 1.7% last year, reaching 13.5 trillion U.S. dollars which is the first time dicrease since 1945.Now the average American debt was 4.4 million, including mortgages, credit cards, auto loans and other consumer debt.
money’s View
As we all know,Consuming could promote producing.However there is a limit.We should only see the Short term benefit but ignore the long tern benefit.American should learn a lesson from this eonomy crisis.As to the second economy crisis from Europe Greece, I think it w
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