Infographic: Attack of the Debt Monkey
Money Rates Columnist
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.
MARIA - MONEYRATES MODERATOR
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.