Using debt has been ongoing for years. But as time goes on, there’s a need for more debt and less capital. People utilize their credit card, equity in their homes, and every other form of debt in order to maintain a lifestyle of abundance. Just like stock speculators using margin to boost their potential gains. As the saying goes, you reap what you sow. And said differently, this will eventually come around and hurt people who have take excessive risk.
As national debt rises, the next financial crisis may be your own
https://www.usatoday.com/story/money/personalfinance/2019/03/12/national-debt-rises-the-next-financial-crisis-may-be-your-own/3102507002/
U.S. Credit Cart Debt: U.S. Credit Card Debt Closed 2018 at a Record $870 Billion
https://www.bloombergquint.com/business/u-s-credit-card-debt-closed-2018-at-a-record-870-billion
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As national debt rises, the next financial crisis may be your own
https://www.usatoday.com/story/money/personalfinance/2019/03/12/national-debt-rises-the-next-financial-crisis-may-be-your-own/3102507002/
Average U.S. mortgage size hits record-high $354,500 -MBA | Reuters
https://www.reuters.com/article/us-usa-mortgages/average-u-s-mortgage-size-hits-record-high-354500-mba-idUSKBN1QU1VA
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