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Consumer Debt Clock

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Why is this going down?

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Consumer Debt Clock

As reported by the Federal Reserve, consumers in America have $13.3 trillion dollars in debt outstanding and counting.

Household Personal Debt as of 9 June 11

The clock below shows the amount of debt that consumers are accepting to maintain their lifestyle. BeatingDebt.org plans on updating this clock as information becomes available.

As recently reported for the first quarter 2011, citizens made great decisions and shed 2.0% of the nation's personal debt. So, the clock is slowly going backwards!

Here is some more explanations of the numbers going down.

 

Let's work together to continue to reverse the progression of this clock.

 

BeatingDebt.org
Consumer Debt Clock

Please use the following script on your website to raise awareness of the growing problem of debt amongst consumers.

 

 

Thank you zFacts.com for the idea.


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