America’s Poor Have Never Been Deeper In Debt

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America’s Poor Have Never Been Deeper In Debt (ZeroHedge, Sep 13, 2014):

When it comes to the poorest quartile of US society, some 14 million people, any suggestion that US society is deleveraging and setting the stage for pent up releveraging and thus, economic growth, is dead wrong. In fact, as the Fed’s triennial Survey of Consumer Finances, released last week showed, America’s poorest have never been more in debt!

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