Relevant:
- Study: America's Reliance on Home Equity Loans and Credit Cards
- Survey finds one in three Americans unable to make their mortgage or rent payment beyond one month if they lost their job.
- Credit Lines Dry Up, Homeowners In Withdrawal
- Why America Spends While the World Saves: Beyond Our Means
- Why Millennials are stuck living at home with parents
2007-11-16 — efinancedirectory.com
"Over the last few years, spending-addicted Americans have borrowed heavily from credit cards and home equity. Are they living beyond their means or using debt to cover the cost of living?"
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