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The Federal Reserve reports that since 2013, there has been a $1 trillion increase in the amount of debt American are carrying.

Today, that breaks down to nearly $1.2 trillion in auto loans; nearly $1.6 trillion student loans; and $1 trillion in consumer credit mostly from credit cards.

Continue reading:  “You feel so overwhelmed”: Fed reports $1 trillion increase in debt

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15 thoughts on ““You feel so overwhelmed”: Fed reports $1 trillion increase in debt

  1. From my perspective, the debt for student loans is atrocious. Not so much the amount … but because this debt exists at all. No, I don’t support total government funding, but surely some assistance would be nice. Goodness knows money is spent for far less worthy causes!

    Liked by 3 people

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