The Household Debt Meltdown
America has a debt problem.
In today’s economic climate, you’d be hard pressed to find someone who isn’t tangled up in some form of debt. Be it student loans, a housing mortgage, or credit card debt, the majority of us are constantly trying to stay one step ahead of our financial liabilities. Well thankfully…
Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. With consumers constantly buying items on credit, it seems as though the world is starting to get into a huge consumer debt.