Record High US Consumer Debt
Business Daily

Record High US Consumer Debt

2017-06-14
Household debt is at record levels as US consumers spend, spend and spend some more. And with America's interest rates set to rise again, could there be trouble ahead?Former Federal Reserve governor Randy Kroszner tells presenter Manuela Saragosa that watching the debt problem get fixed will be like "watching paint dry" - but that it is a deliberately slow process, to avoid shocks to consumers.We hear from retirees in the US who are struggling with debt - and one expert who says that the current...
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