U.S. Consumer Credit Card Debt Levels on the Rise
News from Zimbabwe Guardian:

It’s like a rollercoaster that will not stop. The credit card debt pay down that comes in first fiscal quarter of each year is inevitably followed by a three-quarter stretch where these pay downs are systematically erased and new debt is often incurred. But why are things getting worse? Why are the pay downs now smaller and the new debt more burdensome? And what does this say about our citizenry?

The second quarter of 2011 saw U.S. consumers garner almost $ 18.5 billion in new debt, according to a Card Hub debt study, erasing a nearly $ 33 billion first-quarter pay down and overshadowing the Q1 debt increase by 66% and the 2009 version by 368%.

What seems to be happening is that too few people are taking the lessons of the housing bubble to heart. Things simply aren’t going back to the pre-recession idea of no…………… continues on Zimbabwe Guardian
… Read the full article
.

Related News:

Excess Spending at Halloween is a Scary Proposition for Those in Debt
News from Sacramento Bee:

Ideas that can avoid the frightening prospects of even more credit card debt on October 31st

ORLANDO, Fla., Oct. 26, 2011  /PRNewswire-USNewswire/ — The ghastly cost of Halloween costumes, decorations and “treats” can be a spooky reality for consumers suffering with high credit card debt.  The National Retail Federation (NRF) says it expects total spending on Halloween in the U.S. to reach $ 6.9 billion in 2011, up 18% from last year.  With consumers already struggling with high credit card debt in the United States, this trend could be a scary signal for Americans tempted to add to those totals this Halloween season.

(Logo: http://photos.prnewswire.com/prnh/20110307/DC60592LOGO)

“70 percent of those asked in the NRF survey said they plan to celebrate Halloween in some way, and the average person will spend…………… continues on Sacramento Bee
… Read the full article


Maxed Out
This takes viewers on a journey deep inside the american style of debt when things seem fine as long as the minimum monthly paymen…
Wallmonkeys Peel and Stick Wall Decals – Credit Card Finance Debt – 24″W x 16″H Removable Graphic
WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. Each order is printed in…