Upgrade: The disturbing reasons behind the ‘meteoric rise’ in Americans’ debt

Debt: Is it no longer a four-letter word for Americans?

A blog post from financial site Wolf Street caught our eye the other day. It explores how deep in consumer debt — talking about credit cards, student loans, auto loans and personal loans — Americans really are. Boy, are the numbers striking.

Record-breaking striking, in fact: Data from credit reporting agency Experian that looked at debt as of the end of 2018 notes that credit card debt reached an all-time high of $834 billion.

Student loan debt — which “has grown at a meteoric rate,” says Caleb Eplett, the VP of Product Management at research firm YCharts — hit a record of $1.37 trillion.

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