Originally Posted by Dennis in MA
The bottom line is this: The original post is an anecdotal story, not statistical fact. Statistical fact is debt is FALLING in this country as people get MORE responsible. Just look it up. Of course, it trumps the "this country going to hell handbasket yada yada" so you have to find something else to grouse about.
Household debt is falling the last couple of years only because of recession and inability to get loans. Look at the trend over the last 30 years and explain the trend based upon you statement.