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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (82770)	8/9/2000 11:34:22 AM
From: No Mo Mo	Read Replies (1) \| Respond to of 132070

"....in terms of households a debt repayment burden in the area of 14-15% of disposable income is the historical limit as far as i know (last seen in '87, and now...we're close to 14%)." Heinz- Could it be possible that household debt, at the margin, is currently so high b/c of the ubiquity of credit cards? For example, I have a card on which I get 'points' for purchases. I'm not buying more every month, I'm just purchasing everything I can on the card. I say 'at the margin' b/c, excluding mortgage, car loan, etc. (consumption that would seem to compose a historically stable portion of household debt) the frequent nickle and dime purchases add up to marginally higher credit. -Darin