Economic Red Flag: Private Sector Debt

Recently, I wrote about the fact that the wealthy were cutting back on spending and it seemed that the middle class was going into debt to fund some of its lifestyle. An article in “The Wall Street Journal” this week confirms this trend.  (Source: https://www.wsj.com/articles/families-go-deep-in-debt-to-stay-in-the-middle-class-11564673734?mod=e2fb&fbclid=IwAR094GG5xSD2UFvfynEtOpd2et7Zh8L2zIgkhUs_7nIInez21d61-RTSIHg) The article points out that medical care, college, houses and…

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