This is an interesting article about debt in America.
America has become more a debt 'junkie' - - than ever before
with total debt of $44 trillion - - with the highest debt ratio in history.
That's $147,312 per man, woman and child - - or $589,248 per family of 4,
$44,312 more debt per family than last year.
Last year debt increased $3.5 Trillion, 5 times more than GDP.
Household debt soared 12%.
68% ($30 trillion) of this debt was created since 1990,
a period primarily driven by debt instead of by productive activity.
And, the above does not include unfunded pensions and medical promises.
Whole article here:
Damn, guess I am an underachiever compared to most others. Oh well, guess thats one class I would prefer to be at the bottom.