US Consumer Defaults Are Soaring

``... one of the findings of the survey is that stressed middle-income consumers have an average income 22% below non-stressed peers but debt levels 10% to 40% higher. Findings show that these higher debt levels are a result of higher credit card, auto and student loan debt.'' -- So much for increasing consumer spending being one of the last pillars of GDP support; perhaps that spending is merely keeping up with inflation...