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'Running off the cliff': An explosion of household debt has put the US economy in a tough spot – Business Insider
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'Running off the cliff': An explosion of household debt has put the US economy in a tough spot – Business Insider

America’s swelling debt pile bodes ill for the the US economy, Société Générale said.In a recent note to clients, the European Bank flagged a concerning trend that’s taken hold in the US in recent years: the rise in household debt and the concurrent decline in household savings.Total liabilities among US households swelled to a record...