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Levels of personal debt are rising.
For one thing, levels of personal debt are far lower and a smaller proportion of cars are bought on credit.
Credit card debt, student loan debt, and personal debt are all significantly higher in the African-American community.
A soaring murder rate (the country's top weightlifter was a recent victim), family breakdown and chronic levels of personal debt are standard topics of conversation in homes and on buses that ply the capital.
He criticises the Danish population's work ethic and notes that their taxation rate and levels of personal debt are among the highest in the world.
Similar(55)
Personal debt is a blight in modern Britain – and trade unionism is one of its cures.
Personal debt is a reality that affects huge numbers in the UK.
But a personal debt is not the same as a public commitment.
Since personal debt is still high, people will want to save more, which will keep spending in check.
A sixth of personal debt is held by households with less than £200 to spare after spending on essentials.
Many families were already struggling with rising mortgage payments, saving was at its lowest level for 50 years, and personal debt was soaring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com