Author Topic: A healthy economy can be a dangerous thing.  (Read 250 times)

Mackin USA

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A healthy economy can be a dangerous thing.
« on: April 02, 2018, 01:10:04 PM »
Americans have a history of loading up on debt in good times, then paying dearly when the bills come due. Adding to the pain: A booming economy is often accompanied by rising interest rates, which make mortgages, credit cards and other debt much more expensive.

As the U.S. Federal Reserve raises rates, there are signs that consumers could be putting themselves in peril.

https://www.bloomberg.com/news/articles/2018-04-02/rising-rates-sounding-alarm-bells-for-debt-laden-u-s-consumers
Mr. Mackin
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littleman

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Re: A healthy economy can be a dangerous thing.
« Reply #1 on: April 02, 2018, 06:48:56 PM »
>paying dearly when the bills come due

It might be worse this time with the federal government getting in on the game.