Blog
Credit Card Debt on the Rise
Posted Jun 14, 2022 by Martin Armstrong
The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many [...]
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Most Americans Will Die Penniless
Posted Nov 23, 2021 by Martin Armstrong
It is a depressing reality, but around 73% of Americans will die with debt, according to a 2016 poll by Credit.com. The average amount of outstanding debt at the [...]
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The Psychology Behind Consumer Spending and Hedonic Adaptation
Posted Oct 18, 2021 by Martin Armstrong
Consumer debt in the US reached $14.88 trillion in 2020, according to Experian’s consumer debt study. That is a $3 trillion increase in the past decade, and [...]
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