Relevant:
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
- The sound of rumbling from the student debt bubble -- Jump in consumer credit last month came mostly from student debt growth. For two decades student debt expanded at a rate above 17 percent per year.
- Consumer Debt Rises: That's Good and Bad News
- The Creeping Cost Of Consumer Inflation; The Uncertain Emplyment Market Of Low Wage Work
- Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record
2017-08-15 — upenn.edu
``Consumer debt rose to $12.7 trillion in the first quarter of 2017. That is more debt than at the height of the credit bubble in 2008. A study by researchers at Dartmouth College and the University of Southern California shows that while the amount of debt is increasing, what consumers are spending the money on is very different. More people are buying experiences rather than things...'' -- Or: for this debt bubble, people won't even come through the other side with stuff they can re-sell...
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