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To: GST who wrote (139607)2/20/2002 10:16:04 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
"Debt pileup. "There was a massive consumer debt pileup in the 1990s," Gerdano says. "Now, the bill is coming due." Consumer debt totaled $1.65 trillion at the end of 2001, according to preliminary data from the Federal Reserve. The average U.S. household with at least one credit card had $8,562 in card debt in December 2001, up 3% over 2000, CardWeb.com reports."

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