CREDIT FUELED CONSUMPTION SUSTAINING ‘AMERICA DREAM’ (OR BASIC SURVIVAL FOR MOST!) In 1980, household credit market debt stood at $1.3 Trillion. To move consumption, as a percent of the economy, from 61% to 67% by the year 2000 it required an increase of $5.6 Trillion in debt. Since 2000, consumption as a percent of the economy […]
