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The Recession Is Over, But This Huge Problem Is Not

Los Angeles Times  |  By Posted: 03/25/2012 11:10 am Updated: 03/25/2012 11:10 am


The Great Recession is officially over, but for a huge number of Americans, serious debt lives on.

U.S. households owe a combined $11.5 trillion on credit cards, car loans, mortgages and other consumer debt, according to the Federal Reserve Bank of New York.

Read the whole story at Los Angeles Times


Filed by Maxwell Strachan  |