In the US, some 26 percent of people’s annual income goes to servicing non-mortgage debts. That’s up from 22 percent from 2010 and higher than during the mid-2000s.
Max Keiser and Stacy Herbert of RT’s Keiser Report discuss how average Americans, who are not Warren Buffett or Jamie Dimon, are dealing with consumer debt which is set to reach a record $4 trillion by the end of 2018.
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