Americans owe more money than ever, but no, they are not being crushed by debt

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Market Watch
Jeffry Bartash
Sept. 12, 2018

Households save and earn more and don’t borrow as heavily

To hear some boobirds tell it, the booming economy might crumple soon because American households have taken on record debt. Don’t count on it.

By one measure, consumer debt might seem alarmingly high. Households carried a record $13.3 trillion in debt at the end of June, Federal Reserve records show. That tops the prior peak of $12.7 trillion in 2008 during the middle of the Great Recession.

High debt levels, especially in mortgages, contributed to the 2008 financial panic and the severity of the recession.

The total amount of debt, however, doesn’t tell the whole story.

More... https://www.marketwatch.com/story/americans-owe-more-money-than-ever-but-no-they-are-not-being-crushed-by-debt-2018-09-12?mod=newsviewer_click

[Fishrrman]

I dun o nuffin'.

It's a good feelin' !