WWD 10/16/2006

WWD Photo

Living the High Life: Rising Consumer Debt in Borrowers’ Paradise

American consumers are racking up debt at an increasing rate, and retailers at all price points could soon start to feel the pinch. Consumers have $2.35 trillion worth of outstanding debt according to statistics from the Federal Reserve Board.

From This Issue

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
blog comments powered by Disqus