American Debt is at a Peak Amount

Americans and debt; the two seem to go hand-in-hand. The amount of debt continues to grow. According to a recent article by CNN Money, increased to a huge amount over the first part of this year.

“. . . today’s debt level is higher than the $12.68 trillion peak hit in 2008.

But there are some key differences in the type of debt and who is borrowing compared to the Great Recession.”

The article goes on to contrast today’s debt levels to those of 2008. And how today’s debt level can actually be good for our economy.

To read the full article, visit the CNN Money website here.