Debt continues to get worse as time goes on, there’s no denying that. What we have seen recently is that mortgages are not in the same situation they were during the subprime crisis but nearly every other form of debt has become much worse of a problem. Either the total quantity has been rising dramatically in the case of the national debt or student debt. Or certain forms of debt have not been paid off, resulting in delinquency and later default. The clock is ticking.
U.S. Student Debt in ‘Serious Delinquency’ Tops $166 Billion – BNN Bloomberg
The Center for Microeconomic Data – FEDERAL RESERVE BANK of NEW YORK
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