Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.
Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.
www.telegraph.co.uk The great American boom is finally running out of steam, leaving mountains of debt
High borrowing and low personal savings are dashing hopes of an economic soft landing
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The transfer of wealth from the middle class is almost complete.
