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THE SEEDES OF REVOLT: AMERICAN FAMILIES OWE TRILLIONS OF DOLLARS IN DEBT THEY CAN'T PAY OFF!
John Llllllayward
May 20, 2016
Perhaps one reason so many American voters tolerate a government drowning in red ink is that the citizens are carrying huge amounts of debt themselves.
Slate took a look at household debt recently, and found that it “remains higher than it was for almost all of postwar history,” despite a significant improvement since the end of the last recession.
Our loads of both mortgage and non-mortgage debt began creeping up in late 2012, and of course student loan debt is blasting into the stratosphere:
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