The Debt Issue: In Depth

Infographic: The Real Reason You Have So Much Debt (It’s Not Crazy Spending)

Infographic: The Real Reason You Have So Much Debt (It’s Not Crazy Spending)

$11.85 trillion in household debt has more to do with stagnant wages (and predatory banks) than shopping sprees .
< 1 MIN READ
Aug 13, 2015

Sources:

Introduction http://daviddegraw.org/peak-inequality-the-01-and-the-impoverishment-of-society/ $11.85 trillion: http://www.newyorkfed.org/householdcredit/2015-q1/data/pdf/HHDC_2015Q1.pdf 1. http://www.davemanuel.com/median-household-income.php https://www.census.gov/prod/2013pubs/acsbr12-02.pdf http://www.aei.org/publication/the-college-textbook-bubble-and-how-the-open-educational-resources-movement-is-going-up-against-the-textbook-cartel/  https://research.stlouisfed.org/fred2/series/CPIAUCSL https://research.stlouisfed.org/fred2/series/MSPNHSUS https://research.stlouisfed.org/fred2/series/CUSR0000SAM2 http://www.gobankingrates.com/savings-account/average-american-profile-earnings-spending-saving-money-today/ http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/ http://investor.equifax.com/releasedetail.cfm?ReleaseID=892028 http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/ 2. Nonmortgage debts: http://www.urban.org/research/publication/delinquent-debt-america Top 10 States: http://247wallst.com/special-report/2014/08/13/10-states-struggling-with-delinquent-debt/ 59%: https://www.creditdonkey.com/average-american-savings-statistics.html Savings rates: https://research.stlouisfed.org/fred2/series/PSAVERT/  3. https://www.fdic.gov/bank/statistical/stats/2014sep/industry.pdf http://www.creditcards.com/credit-card-news/bank-yields-loans-1276.php This infographic was revised on August 17, 2015.


Tracy Matsue Loeffelholz
Tracy Matsue Loeffelholz is creative director of YES!
Heidi Bruce

Fall 2015

The Debt Issue

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The Debt Issue