Comments on: Drowning in Debt? http://www.middleclasslifeboat.com/blog/2008/01/29/drowning-in-debt/ Raising a Collective Middle Class Voice for Change with Paul & Sarah Edwards Thu, 28 Aug 2008 14:20:31 +0000 http://wordpress.org/?v=2.3.2 By: Paul http://www.middleclasslifeboat.com/blog/2008/01/29/drowning-in-debt/#comment-41 Paul Thu, 17 Apr 2008 17:08:38 +0000 http://www.middleclasslifeboat.com/blog/2008/01/29/drowning-in-debt/#comment-41 More evidence that debt is a widespread problem is found in the Pew Research Center's analysis of consumer finances released in April, 2008. The report states "Another measure of debt—the debt-to-income ratio—more than doubled for middle income families and doubled for lower and upper income families." A Roper survey for Bankrate.com tells us what kind of debt six in ten Americans have: Credit card debt - 45% Auto loan - 33% Student loan - 20% Home equity loan - 16% - Paul Edwards More evidence that debt is a widespread problem is found in the Pew Research Center’s analysis of consumer finances released in April, 2008. The report states “Another measure of debt—the debt-to-income ratio—more than doubled for middle income families and doubled for lower and upper income families.” A Roper survey for Bankrate.com tells us what kind of debt six in ten Americans have:

Credit card debt - 45%
Auto loan - 33%
Student loan - 20%
Home equity loan - 16%

- Paul Edwards

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