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federal debt: Visualization of the National Debt
- 09/21/11 02:55 AM
These days the average American household has an average of $15,799 in debt, a number found by dividing the total revolving debt in the United Sates ($793.1 billion as of May 2011 as listed in the Federal Reserve’s July 2011 report on consumer credit) by the estimated number of households carrying credit card debt (50.2 million). Relatively, the average student after college has an estimated $24,000 in debt–based on the amount taken out in loans–according to the New York Times in the year 2009. In combination with the poor state of the economy and the high unemployment rate, these numbers … (1 comments)
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