The Recession Is Over, But This Huge Problem Is Not

03/25/2012 11:10 am ET
  • Kelly Barron Los Angeles Times

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.

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