Ace Worldwide News Group 13:00 on September 12, 2017

#US Borrowing has hit an all time high with household debt now staying at a record $13-trillion as economists say people have forgot 2008 crash and borrowing is the new way #AceFinanceDesk reports

#AFNews – 12/09/17: Americans’ Borrowing Hits Another Record. Time To Worry? #AceFinanceDesk reports

Americans owe more than ever before, with household debt hitting nearly $13 trillion……..Some economists say the lessons of the credit bubble that led to the financial crisis are being forgotten.
NPR reports #AceFinanceNews

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Brittius 13:08 on September 12, 2017

Reblogged this on Brittius and commented:

The majority of borrowers are the younger people laden with debt and having zero solution to payoff any of their existing debt other than charge the maximum, extend the maximum, then declare federal bankruptcy to eliminate debt.
- Ace Worldwide News Group 21:44 on September 12, 2017
  
  This comment was deleted.
  - Brittius 21:48 on September 12, 2017
    
    You’re welcome. The Debt Clock, was meant to remind people to spend responsibly and to have elected officials accountable for what they spend, to, their employers, the People. The clock was to remind people to, live within their means, and not become, debtors. Why? Because financially irresponsible people would allow government to spend without end.

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#US Borrowing has hit an all time high with household debt now staying at a record $13-trillion as economists say people have forgot 2008 crash and borrowing is the new way #AceFinanceDesk reports