Take a look at this:
American consumers owe nearly $2.6 trillion in non-mortgage debt,
We’ve reported on this in the past. That means that the number is approaching 10K/person in the US.
With a trend like this, how will consumer debtors be able to pay all this off?
And how many more people will file for Chapter 7 in the next few years- could we see record numbers of people filing in 2009?
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2 Comments
Good stuff.
That’s good to point and to question, an eye-opener for everyone.
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