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Consumer Debt Repayment: The Sign of a Lengthy Correction?

posted by Avatar Pete 646 days ago in USD, Fundamental, Consumer made popular 646 days ago

Now consumers are paying down their debt - or defaulting on it - at a rate of about 6% per year. We don't know where this process will go, but if consumer debt is to be cut in half, it will take about 7-10 years, at this rate.
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