Wow look at that..... debt is up but people are still paying it off....
I already posted the data for student loans being paid off at record rates... the sad part is you think a record number of people are paying it down in a bad economy...
Remind us all how people working is a bad thing?
Youre basing your entire arguments around total debt, and are completely ignoring that a majority of americans are able to pay it down... meeting their payments.
So I've provided you data on home mortgages, credit cards, and students loans. Which all see low delinquency rates... no where near recession levels.. while auto loans may be the highest, the economy isnt dependent on 7 million people defualting on a car loan, out of 300million registered vehicles.
How is that a bad economy?