Yikes

Selected figures from Washington Post article U.S. Consumer Debt Grows at Alarming Rate

  • America’s consumer debt has topped $2 trillion for the first time (includes car loans but not mortgages)
  • three out of five U.S. families have credit card debt
  • average household consumer debt $13,000
  • rent-to-own store interest rates typically work out to more than 200%; some to 800%