This post by a followed article is a good read, and rather than comment on the details (you can read it) … i’ll ask some questions
Eric Basmajian on SA today
- Is college debt for ages 25-35 having an impact on additional debt assumption?
- What is the driver behind the decline – Banks unwillingness to lend, or debtors unable to take on more (other than credit cards)?
This was an interesting look an another indicator that suggests the economic growth continues to deaccelerate.