Saturday, September 12

Excessive household debt has made a comeback! (Study)

According to a study conducted by Card Hub, U.S. household debt in the form of credit cards has spiked higher in 2015!

Is this spike in leverage a sign of consumer confidence with households taking on debt due to an optimistic vision of their personal financial fortunes going forward?

Or is the 2015 2nd quarter credit card balance increase of $32.1 billion, after a $35 billion balance pay-down in the 1st quarter, more of a troubling sign that personal finances are being stretched thin and that debt is the only way for Americans to make ends meet? 

Read the article at LinkedIn here.

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