America’s Expanding Debt Footprint (And What It Really Means)
PYMNTS
JUNE 26, 2018
And not just one branch of underwriting — for a short while there, it seemed like all of it had hit Game Over status — with consumers; SMB and even enterprise-level lending slowed to a near stop. Mortgage balances currently are around 68 percent of disposable income, and credit card balances are less than 7 percent of income.
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