Americans have $970 billion in credit card debt, and predictably enough we're well on our way to break a trillion this year. A new analysis found that the value of credit card accounts more than thirty days overdue has jumped 26%, while the value of credit cards ninety days overdue has risen more than 50%. "Debt eventually leaks into other areas, whether it starts with the mortgage and goes to the credit card or vice versa," says Stanford visiting scholar Cliff Tan. Um, no shit. Merry Christmas! [Breitbart]


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