U.S. Household Debt- Not a pretty picture at all

[Covertibility]

Another coin, Heads:

Tails:

 

[prc117f]

Well the only thing keeping our economy running right now is people having to borrow money to make up the difference. We have made huge productivity increases but none of the increased margins/profits gets passed down to the workers. So we are producing much more yet paying much less and only debt can keep things going.

 

[Sig]

Well the only thing keeping our economy running right now is people having to borrow money to make up the difference. We have made huge productivity increases but none of the increased margins/profits gets passed down to the workers. So we are producing much more yet paying much less and only debt can keep things going.

Perhaps you ought to read the thread? That's pretty definitively not the case as demonstrated by the data presented. You have data to back up your assertion or is that just your expert opinion?

 

[777]

Side note:

The wealth of the top one quarter of one percent of the population is roughly equal to that of the bottom 90 percent.