Will household debt lead to the next collapse?

A decade after the financial crisis that triggered the Great Recession, economists warn skyrocketing levels of debt may foreshadow a household debt collapse – and make it harder for families to recover when recession inevitably strikes.

Americans now owe almost 5 percent more than they did at the onset of the Great Recession, due largely to student loan debt that’s increased by a staggering 144 percent in 10 years.

“As we sit ten years out from the financial crisis, it feels like...

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