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The positive spin on consumer debtThanks to the mortgage refi boom, millions of Americans refinanced their homes, liquidated expensive credit card debt and strengthened their assets, says Doug Duncan, vice-president and chief economist of the Mortgage Bankers Association. this commentary for Bankrate.com. Consumer debt warnings are up everywhere Why is consumer debt so high? of wealth for the median-income family in the country.
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The positive spin on consumer debtWhy is consumer debt so high? Doubtful. Equity in the home is the largest source of wealth for the median-income family in the country.
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How Does Your Debt Compare? And how might consumer debt -- your debt -- affect the US economy? with a cumulative average debt load of $16100, according to National Center for
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Entrepreneurs can cite any number of reasons for borrowing against "We can't really get a handle on the consumer debt that's feeding small small-business debt load and the perils it implies as the economy cools.
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