Infographic: Attack of the Debt Monkey

MoneyRates.com Senior Financial Analyst, CFA
June 27, 2012

It seems like every few months in Washington, a debate rages over the federal budget deficit or debt ceiling -- until some last-minute agreement emerges and the crisis appears to pass. But have these stopgap measures done anything to address the underlying issue of America's growing debt?

This is not just a government issue; the average American has also taken on an unmanageable level of debt. This addiction to debt contributed to the recession and financial crisis a few years ago, and the fundamental problem has yet to be addressed by the government or most individuals.

This MoneyRates.com infographic examines how this debt burden weighs on America like a monkey on its back.

See how America's debt has come to feel like a monkey on its back.

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Your responses to ‘Infographic: Attack of the Debt Monkey’

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14 August 2012 at 5:20 pm

Richard Barrington addressed your question in the latest Ask the Expert feature:http://www.money-rates.com/ask-the-expert/where-did-the-debt-monkey-data-come-from.htm

Florida Golfer

14 August 2012 at 9:34 am

This is funny -- and frightening. Could you provide more details on the data this is based on. Thanks.

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