Query: recent personal debt figures?
Jordan Hayes
jmhayes at j-o-r-d-a-n.com
Thu Mar 13 15:41:27 PST 2003
I've been wondering about these numbers. On the one hand, they seem
high. But on the other hand, the average personal debt has recently
eclipsed yearly income -- which SOUNDS scary, but isn't this just an
artifact of increased home-ownership? I don't know about you, but
almost everyone I know who owns a home has personal debt that FAR
outstrips their yearly income.
I mean, like, so what? So more people are in that boat. Something like
2/3 of households own their home, so why should it be
surprising/alarming that these numbers are so high?
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