The amount that Americans owe on loans for houses, cars, credit cards, and other purchases adds up to nearly 100% of their annual income after taxes. That's up from 75% in 1992, after the last recession ended.
Categories:
Debt,Ratios
Reporting Pub:
NEWS ANALYSIS
Reporting Date:
8/3/2002
Article
Title:
Consumer Credit: Is a Crunch Coming?
Article
Author:
By Peter Coy and Heather Timmons in New York, with Brian Grow in Atlanta, David Welch in Detroit, and Mike McNamee in Washington
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