In today’s economy, massive consumer debt has crippled the personal balance sheets of individuals around the country, making a tough economy even tougher. With foreclosures on the rise and many Americans crippled by over-extended credit cards, personal debt is becoming a major player in the economic crisis.
So, what are the biggest components of personal debt in the country? The following data from various sources offer a picture of how much Americans owe. Some types of debt, such as medical, microloans and gambling, are not reliably tracked and are not included in this list.
What are the biggest types of personal debt? Click ahead to find out!
By Paul Toscano
Posted 27 Apr 2009