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But why was household debt rising?
If nothing is done, some projections have debt rising to an Italian-style 111% by 2050.
projections show the United States public debt rising to 120 percent of G.D.P in 2016.
Concerns about the possibility of a default in Greece persisted, with the cost of insuring debt rising to a record.
"With household debt rising and higher interest rates on the horizon, there is no room for complacency," said Elson.
And so it proved, with the national debt rising every year under Cameron, despite deep sacrifices from us all.
Similar(14)
Financial debt rose to £7tn.
The yield on their debt rose sharply.
Public debt rose to unsustainable levels.
The real burden of debt rises when prices are falling.
A category that measures credit card debt rose just $817 million.
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