In June, US credit card debt reached record levels. The $1.02 trillion in outstanding credit card loans passed the pre-crisis peak set in 2008. Although the US economy is seen to be strengthening in most sectors, some see this as a genuine threat to the stability of the economy, and one which, if realised, would have a disastrous effect on everyone involved. Excessive credit card … Continue reading Credit card debt is the next big threat to the US economy