We are DEEP IN DEBT!

in #debt • 6 years ago (edited)


The global economy may be about to break!

DEBT is at record levels - and here are some of the numbers:

One of the main problems is that too much debt has been issued with far too overly-optimistic expectations of returns and repayment. Comparable to a ponzi scheme, but on a global scale. (Bernie Madoff times a million!)


Sources:
https://www.marketplace.org/2018/02/13/economy/divided-decade/fed-uneven-housing-recovery-great-recession
https://studentloanhero.com/student-loan-debt-statistics/
https://ycharts.com/indicators/us_auto_loan_debt
https://studentloanhero.com/average-credit-card-household-debt-statistics/

#auto #student #credit #mortgage
6 years ago in #debt by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.19
    TRX 0.15
    JST 0.029
    BTC 63184.34
    ETH 2560.17
    USDT 1.00
    SBD 2.72